Local Bounti Management
Management criteria checks 2/4
Local Bounti's CEO is Craig Hurlbert, appointed in Dec 2023, has a tenure of less than a year. total yearly compensation is $58.17K, comprised of 97% salary and 3% bonuses, including company stock and options. directly owns 15.56% of the company’s shares, worth $3.80M. The average tenure of the management team and the board of directors is 1.6 years and 2.5 years respectively.
Key information
Craig Hurlbert
Chief executive officer
US$58.2k
Total compensation
| CEO salary percentage | 97.0% |
| CEO tenure | less than a year |
| CEO ownership | 15.6% |
| Management average tenure | 1.6yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
Analysts Just Made A Major Revision To Their Local Bounti Corporation (NYSE:LOCL) Revenue Forecasts
Apr 01
An Intrinsic Calculation For Local Bounti Corporation (NYSE:LOCL) Suggests It's 37% Undervalued
Mar 31Local Bounti Corporation (NYSE:LOCL) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Nov 13Local Bounti GAAP EPS of -$0.30 misses by $0.03, revenue of $6.29M misses by $0.47M
Nov 10Local Bounti reports mixed Q2 earnings; reaffirms FY22 guidance
Aug 15Local Bounti: Sustainable Farming, Unsustainable Financials
Jun 23Better Than Organic - Local Bounti Co-CEOs Travis Joyner, Craig Hurlbert
May 23Local Bounti Is Bringing Controlled Environment Agriculture To The Stock Market
Dec 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$58k | US$56k | -US$124m |
| Sep 30 2023 | n/a | n/a | -US$85m |
| Jun 30 2023 | n/a | n/a | -US$88m |
| Mar 31 2023 | n/a | n/a | -US$109m |
| Dec 31 2022 | US$9m | US$83k | -US$111m |
| Sep 30 2022 | n/a | n/a | -US$113m |
| Jun 30 2022 | n/a | n/a | -US$97m |
| Mar 31 2022 | n/a | n/a | -US$72m |
| Dec 31 2021 | US$191k | US$173k | -US$56m |
| Sep 30 2021 | n/a | n/a | -US$31m |
| Jun 30 2021 | n/a | n/a | -US$22m |
| Mar 31 2021 | n/a | n/a | -US$16m |
| Dec 31 2020 | US$314k | n/a | -US$8m |
Compensation vs Market: Craig's total compensation ($USD58.17K) is below average for companies of similar size in the US market ($USD663.50K).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
CEO
Craig Hurlbert (60 yo)
less than a year
Tenure
US$58,173
Compensation
Mr. Craig M. Hurlbert serves as Chief Executive Officer of Local Bounti Corporation since December 14, 2023. He is a Co-Founder of BrightMark Partners and was its Managing Partner since January 2014 until...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | less than a year | US$58.17k | 15.56% $ 3.8m | |
| Chief Financial Officer | 2.5yrs | US$1.13m | 2.29% $ 558.6k | |
| Co-Founder | 2.5yrs | US$9.48m | 15.05% $ 3.7m | |
| General Counsel & Corporate Secretary | 2.3yrs | no data | 0.14% $ 33.9k |
1.6yrs
Average Tenure
54.5yo
Average Age
Experienced Management: LOCL's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 2.5yrs | US$58.17k | 15.56% $ 3.8m | |
| Co-Founder | 2.5yrs | US$9.48m | 15.05% $ 3.7m | |
| Lead Independent Director | 5.5yrs | US$213.75k | 1.87% $ 456.7k | |
| Independent Director | 3.2yrs | US$192.50k | 0.11% $ 26.4k | |
| Independent Director | less than a year | US$145.39k | no data | |
| Independent Director | 2.5yrs | US$184.37k | 0.34% $ 83.1k | |
| Independent Director | 2.5yrs | US$197.50k | 1.45% $ 355.1k |
2.5yrs
Average Tenure
52yo
Average Age
Experienced Board: LOCL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.