Mark Redd
Executive Vice-President and Chief Operating Officer at CCanadian Pacific Kansas City Ltd
Since April 14, 2023
Other Roles
None mentioned.
Also at Canadian Pacific Kansas City Ltd
JC
James Clements
Executive Vice-President, Strategic Planning and Technology
JE
Jeffrey Ellis
Executive Vice-President, Chief Legal Officer, and Corporate Secretary
About
Mark Redd oversees network operations and labor relations. He joined CP in 2013 and has held multiple senior roles.
Fixed Compensation
Data from FY 2023
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Salary | $888,842 | Annual | Converted to Canadian dollars using 2023 rate (1.3497) |
| Perquisites - Auto Benefits | $48,876 | Annual | Auto Benefits |
| Perquisites - Financial and Tax Planning | $13,629 | Annual | Financial and Tax Planning |
| Perquisites - Club Benefits | $15,117 | Annual | Club Benefits |
| Other Compensation - 401(k) Match | $13,362 | Annual | 401(k) Match |
| Other Compensation - Employer Share Purchase Plan Match | $17,599 | Annual | Employer Share Purchase Plan Match |
Performance Compensation
Data from FY 2023
Option-Based Awards
| Metric | Details |
|---|---|
| Grant Date (1st Award) | February 2, 2023 |
| Options Granted (1st Award) | 37,172 options |
| Grant Date Fair Value (1st Award) | $1,160,958 |
| Grant Date Stock Price (1st Award) | US$79.29 |
| Grant Date (2nd Award) | May 2, 2023 |
| Options Granted (2nd Award) | 5,746 options |
| Grant Date Fair Value (2nd Award) | $179,149 |
| Grant Date Stock Price (2nd Award) | US$78.16 |
| Vesting Schedule | For options granted before 2017: 25% per year over 4 years; post-2017 awards expire 7 years from grant date |
| Performance Metrics | Specific thresholds/targets not provided |
Share-Based Awards
| Metric | Details |
|---|---|
| Award Types | PSUs and DSUs |
| Vested Value (2023) | $2,096,310 |
| Grant Date Stock Price | US$79.29 on February 2, 2023 |
| Vesting Schedule (PSUs) | Three-year performance period with cliff vesting at period end |
| Performance Metrics | Based on cumulative free cash flow and an adjusted net debt to adjusted EBITDA modifier |
| Thresholds/Targets | Specific thresholds/targets not disclosed |
Non-Equity Incentive Plan Compensation
| Metric | Details |
|---|---|
| Compensation Earned (2023) | $1,375,261 |
| Evaluation Period | One calendar year |
| Weighting | 75% corporate performance; 25% individual performance |
| Target Payout | 0% to 200% of base salary |
| Base Salary (2023) | $685,000 USD (16.1% increase from 2022) |
| Payout Timing | Paid in February 2024 |
| Performance Metrics | Predefined financial, safety, and operational measures plus individual objectives |
No further detailed thresholds, targets, or conditions are provided for the 2023 performance compensation components.