Joseph P. Adams, Jr.
Also at FTAI Aviation Ltd
About
Joseph P. Adams, Jr. has an extensive background in leading FTAI, serving as CEO since May 2015 and taking on the role of Chairman in May 2016. His appointment at FTAI marks a significant milestone in his career, highlighting his leadership and strategic planning skills in the aviation and transportation sectors.
Educated with a B.S. in Engineering and an MBA, his academic credentials laid the foundation for a robust career in private equity and investment banking. Prior to his tenure at FTAI, he held pivotal roles, including positions at Fortress Investment Group LLC, where he was a Managing Director and part of the Management Committee, as well as key leadership roles at firms like Brera Capital Partners and Donaldson, Lufkin & Jenrette.
Beyond his contributions at FTAI, he has held multiple board positions, served as the first Executive Director of the Air Transportation Stabilization Board in 2002, and currently chairs FTAI Infrastructure Inc. His diverse career not only underscores his expertise in financial strategy and transportation-related industries but also reflects his commitment to impacting various sectors through both executive leadership and board service.
$FTAI Performance Under Joseph P. Adams, Jr.
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| FTAI | Chief Executive Officer | May 2015 - May 2016 | Held prior to becoming Chairman and CEO |
| FTAI | Board of Directors Member | May 2015 - May 2016 | Served on the board before becoming Chairman |
| Seacastle, Inc. | Board of Directors Member | N/A | N/A |
| SeaCube Container Leasing Ltd. | Board of Directors Member | N/A | N/A |
| Aircastle Limited | Board of Directors Member | N/A | N/A |
| RailAmerica Inc. | Board of Directors Member | N/A | N/A |
| Brera Capital Partners | Partner | N/A | N/A |
| Donaldson, Lufkin & Jenrette | Transportation Industry Group Member | N/A | Worked in the transportation industry group |
| Air Transportation Stabilization Board | Executive Director | 2002 | First Executive Director |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| FTAI Infrastructure Inc. (Nasdaq: FIP) | Chairman of the Board and Director | Since April 2022 | Current board leadership |
| Fortress Investment Group LLC | Member of the Management Committee | Current | Also serving as Managing Director in the Private Equity Group |
| Fortress Investment Group LLC | Managing Director, Private Equity Group | Current | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $975,000 | Annualized; retroactive to January 1, 2024 | Fixed annual rate |
| RSUs | 58,498 units | Vests ratably in three annual installments on each anniversary of the Effective Date | Award calculated as $4,700,000 divided by the 10-Day VWAP; subject to continued service, completion of a corresponding share purchase within 90 days, and maintaining share holding on each vesting date |
Performance Compensation
Discretionary Annual Bonus
| Metric | Value | Notes |
|---|---|---|
| Target Bonus | $800,000 | Discretionary; paid no later than March 15 of the subsequent calendar year; requires active employment until bonus payment |
| Performance Metrics/Threshold | Not provided | Specific performance metrics, targets, or thresholds are not detailed in the documents |
Prorated Bonus upon Termination
| Metric | Value | Notes |
|---|---|---|
| Bonus Basis | Actual performance | Prorated bonus based on the actual performance in the termination year |
| Subjective Element | Treated as not less than target | Any individual subjective bonus element is satisfied at a minimum of target |
| RSU Accelerated Vesting | Applicable | RSUs (58,498 units) may vest accelerated upon termination, subject to conditions |
| Change in Control Scenario | Greater of target or actual performance | In change in control, the bonus is determined by the greater of target or actual performance |
Note: There is no additional detailed information on performance metrics, thresholds, weights, vesting schedules (beyond what is noted for RSUs), or evaluation periods for performance compensation in the documents.