Local Bounti Management
Management criteria checks 4/4
Local Bounti's CEO is Craig Hurlbert, appointed in Dec 2023, has a tenure of 1.08 years. total yearly compensation is $58.17K, comprised of 97% salary and 3% bonuses, including company stock and options. directly owns 15.32% of the company’s shares, worth $2.74M. The average tenure of the management team and the board of directors is 2.3 years and 3.2 years respectively.
Key information
Craig Hurlbert
Chief executive officer
US$58.2k
Total compensation
| CEO salary percentage | 97.0% |
| CEO tenure | 1.1yrs |
| CEO ownership | 15.3% |
| Management average tenure | 2.3yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
Local Bounti Corporation (NYSE:LOCL) Might Not Be As Mispriced As It Looks After Plunging 30%
Nov 20
Local Bounti Corporation (NYSE:LOCL) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Nov 17Analysts Just Made A Major Revision To Their Local Bounti Corporation (NYSE:LOCL) Revenue Forecasts
Apr 01An 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 |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$149m |
| Jun 30 2024 | n/a | n/a | -US$139m |
| Mar 31 2024 | n/a | n/a | -US$125m |
| 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 ($USD649.25K).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
CEO
Craig Hurlbert (61 yo)
1.1yrs
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 | 1.1yrs | US$58.17k | 15.32% $ 2.7m | |
| President & CFO | 3.2yrs | US$1.13m | 2.79% $ 500.7k | |
| Co-Founder | 3.2yrs | US$9.48m | 14.31% $ 2.6m | |
| General Counsel & Corporate Secretary | 2.9yrs | no data | 0.14% $ 24.4k |
2.3yrs
Average Tenure
55.5yo
Average Age
Experienced Management: LOCL's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 3.2yrs | US$58.17k | 15.32% $ 2.7m | |
| Co-Founder | 3.2yrs | US$9.48m | 14.31% $ 2.6m | |
| Lead Independent Director | 6.2yrs | US$213.75k | 2.08% $ 372.2k | |
| Independent Director | 3.8yrs | US$192.50k | 0.21% $ 37.9k | |
| Independent Director | 1.7yrs | US$145.39k | 0.25% $ 44.0k | |
| Independent Director | 3.2yrs | US$184.37k | 0.58% $ 103.7k | |
| Independent Director | 3.2yrs | US$197.50k | 1.67% $ 299.2k |
3.2yrs
Average Tenure
53yo
Average Age
Experienced Board: LOCL's board of directors are considered experienced (3.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 16:11 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Local Bounti Corporation is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Barnes | Deutsche Bank |
| Benjamin Klieve | Lake Street Capital Markets, LLC |
| Pamela Kaufman | Morgan Stanley |