Magna International Management

Management criteria checks 3/4

Magna International's CEO is Swamy Kotagiri, appointed in Jan 2021, has a tenure of 3.33 years. total yearly compensation is $16.96M, comprised of 1.9% salary and 98.1% bonuses, including company stock and options. directly owns 0.065% of the company’s shares, worth MX$153.04M. The average tenure of the management team and the board of directors is 3.6 years and 4.7 years respectively.

Key information

Swamy Kotagiri

Chief executive officer

US$17.0m

Total compensation

CEO salary percentage	1.9%
CEO tenure	3.3yrs
CEO ownership	0.07%
Management average tenure	3.6yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Swamy Kotagiri's remuneration changed compared to Magna International's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$17m	US$325k	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$932m
Mar 31 2023	n/a	n/a	US$437m
Dec 31 2022	US$28m	US$325k	US$592m
Sep 30 2022	n/a	n/a	US$961m
Jun 30 2022	n/a	n/a	US$683m
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$11m	US$325k	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$7m	US$325k	US$757m
Sep 30 2020	n/a	n/a	US$459m
Jun 30 2020	n/a	n/a	-US$179m
Mar 31 2020	n/a	n/a	US$920m
Dec 31 2019	US$4m	US$325k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$3b
Mar 31 2019	n/a	n/a	US$3b
Dec 31 2018	US$5m	US$325k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$3m	US$325k	US$2b

Compensation vs Market: Swamy's total compensation ($USD16.96M) is above average for companies of similar size in the MX market ($USD5.86M).

Compensation vs Earnings: Swamy's compensation has been consistent with company performance over the past year.

CEO

Swamy Kotagiri (54 yo)

3.3yrs

Tenure

US$16,958,000

Compensation

Mr. Seetarama Swamy Kotagiri, also known as Swamy, M.Sc. is Independent Director of Johnson Controls International plc from March 13, 2024. He serves as Chief Executive Officer and Director at Magna Intern...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Seetarama Kotagiri	CEO & Director	3.3yrs	US$16.96m	0.065% $ 153.0m
Patrick W. McCann	Executive VP & CFO	2.3yrs	US$3.82m	0.0063% $ 14.7m
Eric Wilds	Executive VP and Chief Sales & Marketing Officer	4.3yrs	US$3.82m	0.011% $ 26.5m
Tom Rucker	President of MPT	1.3yrs	US$3.82m	0.0051% $ 12.0m
John Farrell	President of Body & Exterior Systems and Seating	no data	US$4.99m	0.011% $ 26.6m
Boris Shulkin	Executive VP and Chief Digital & Information Officer	2.1yrs	no data	0.0024% $ 5.6m
Louis Tonelli	Vice President of Investor Relations	20.5yrs	no data	no data
Bruce Cluney	Executive VP & Chief Legal Officer	3.8yrs	no data	0.012% $ 27.9m
Joanne Horibe	Chief Compliance Officer	no data	no data	no data
Tracy Fuerst	Vice President of Corporate Communications & PR	no data	no data	no data
Aaron McCarthy	Executive VP & Chief Human Resources Officer	5.3yrs	no data	0.00030% $ 705.2k
Sharath Reddy	Senior Vice President-Electronics	no data	no data	no data

3.6yrs

Average Tenure

Experienced Management: MGA N's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Seetarama Kotagiri	CEO & Director	3.3yrs	US$16.96m	0.065% $ 153.0m
Robert MacLellan	Independent Chairman of the Board	6yrs	US$520.00k	no data
William Ruh	Independent Director	7yrs	US$307.00k	no data
Thomas Weber	Independent Director	2.3yrs	US$299.00k	no data
Vernon Harder	Independent Director	4.3yrs	US$316.00k	no data
Indira Samarasekera	Independent Director	10yrs	US$328.00k	no data
Lisa Westlake	Independent Director	5yrs	US$291.00k	0.00070% $ 1.6m
Mary Shio Chan	Independent Director	6.8yrs	US$291.00k	no data
Peter Bowie	Independent Director	12yrs	US$320.00k	0% $ 0
Jan Hauser	Independent Director	1.8yrs	US$295.00k	no data
Jay Kunkel	Independent Director	less than a year	US$194.00k	no data
Mary Lou Maher	Independent Director	3yrs	US$287.00k	0.0011% $ 2.5m

4.7yrs

Average Tenure

63.5yo

Average Age

Experienced Board: MGA N's board of directors are considered experienced (4.7 years average tenure).

Magna International Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold Mex$6.2m worth of stock

Magna International Inc., Annual General Meeting, May 09, 2024

Independent Director recently sold Mex$6.8m worth of stock

Insider recently sold Mex$4.0m worth of stock

Magna International Inc., Annual General Meeting, May 11, 2023

High number of new directors

Recent updates

Insider recently sold Mex$6.2m worth of stock

Full year 2023 earnings released: EPS: US$4.24 (vs US$2.04 in FY 2022)

Fourth quarter dividend of US$0.47 announced

Magna International Inc., Annual General Meeting, May 09, 2024

Magna International Inc. Declares Dividend for the Fourth Quarter of 2024, Payable on March 8, 2024

Magna International Inc. to Report Q4, 2023 Results on Feb 09, 2024

Burtech Acquisition Corp. (NasdaqGM:BRKH) entered into a definitive agreement to acquire Blaize, Inc. from a group of shareholders.

Independent Director recently sold Mex$6.8m worth of stock

Magna International Inc. Declares Third Quarter Dividend, Payable on December 1, 2023

Magna Introduces Industry-First, 100% Melt Recyclable Foam and Trim Seating Solutions

Second quarter 2023 earnings released: EPS: US$1.18 (vs US$0.54 loss in 2Q 2022)

Magna International Inc. Revises Earnings Guidance for the Year 2023

Magna to Launch Industry-First Award With Modular eDecoupling Unit for BEVS

Upcoming dividend of US$0.46 per share at 3.5% yield

Magna International Inc. Provides Earnings Guidance for the Year 2023

First quarter 2023 earnings released: EPS: US$0.73 (vs US$1.23 in 1Q 2022)

Full year 2022 earnings released: EPS: US$2.04 (vs US$5.04 in FY 2021)

Insider recently sold Mex$4.0m worth of stock

Now 22% undervalued after recent price drop

Upcoming dividend of US$0.46 per share at 3.3% yield

Magna International Inc., Annual General Meeting, May 11, 2023

Magna International Inc. Provides Earnings Guidance for the Year 2022

Magna's ClearView(TM) Vision System Comes to Market on Ram Trucks

Magna International Inc. to Report Q4, 2022 Results on Feb 10, 2023

High number of new directors

Magna International Inc. Introduces Offers New Possibilities in Automotive Design

High number of new directors

Magna International Inc. Declares Third Quarter Dividend, Payable on December 2, 2022

Magna's 48-Volt Hybrid Transmission System Started Production with Stellantis

Magna International Inc. Continues to Deliver Key Technologies That Address Trends Toward Vehicle Accessibility, Rear Thermoplastic Swing Doors

Magna Develops and Pilots Autonomous, On-Road Last-Mile Delivery Solution

Insider recently sold Mex$3.8m worth of stock

High number of new directors

High number of new directors

Magna International Inc. Revises Earnings Guidance for the Full Year 2022

Second quarter 2022 earnings released: US$0.54 loss per share (vs US$1.41 profit in 2Q 2021)

Magna International Inc. Illuminates the Future of Styling with Breakthrough Lighting Solution Known as Litgate

High number of new directors

Magna’s Surround View System Launches on All-New Toyota Tundra

First quarter 2022 earnings released: EPS: US$1.23 (vs US$2.04 in 1Q 2021)

Magna International Inc. Begins Production of First Mild Hybrid Transverse Transmission for BMW Group

Magna International Inc. Declares First Quarter Dividend, Payable on May 27, 2022

Executive VP & CTO recently bought Mex$2.3m worth of stock

Investor sentiment deteriorated over the past week

Independent Director recently bought Mex$1.6m worth of stock

Upcoming dividend of US$0.45 per share

President recently bought Mex$16m worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Magna Announces Board and Committee Changes

Now 21% undervalued

HASCO Magna eDrives Hit the Market on Volkswagen MEB Platform

Magna International Inc.(TSX : MG) acquired Optimus Ride Inc.

Magna International Inc. to Produce Electrification Solutions

Insider recently bought Mex$1.2m worth of stock

Investor sentiment improved over the past week

Insider recently bought Mex$1.2m worth of stock

Upcoming dividend of US$0.43 per share

Second quarter 2021 earnings released: EPS US$1.41 (vs US$2.17 loss in 2Q 2020)

Magna International Inc. Revises Earnings Guidance for the Full Year 2021

Mutares SE & Co. KGaA (XTRA:MUX) acquired three exterior plants in Germany from Magna International Inc. (TSX:MG).

Magna Ignites Vehicle Design with Surface Element Lighting Technology

Insider recently sold Mex$772k worth of stock

Insider recently sold Mex$772k worth of stock

Upcoming dividend of US$0.43 per share

First quarter 2021 earnings released: EPS US$2.04 (vs US$0.86 in 1Q 2020)

Magna International Inc. Revises Earnings Guidance for the Full Year of 2021

Insider recently bought Mex$450k worth of stock

Insider recently bought Mex$450k worth of stock

Magna Drives Pickup Truck Electrification with Its New eBeam Technology