Lawrence H. Silber

Lawrence H. Silber has served as the President and Chief Executive Officer of HRI since May 2015. Before his tenure at HRI, he contributed his expertise as an executive advisor at Court Square Capital Partners, LLP from April 2014 to May 2015, and as the Chief Operating Officer at Hayward Industries from 2008 to 2012, where he played a key role in steering the company back to profitability during challenging economic times.

Earlier in his career, he had a distinguished 30-year tenure at Ingersoll-Rand plc, a major publicly traded manufacturer, where he advanced through roles with increasing responsibility, including leading substantial business units in sales, marketing, and operations. His extensive industry experience has significantly shaped his leadership style at HRI, contributing to the company’s strategic direction and robust market presence.

In addition to his executive role at HRI, Silber has served on various boards, including his long-standing director role at Hayward Holdings, Inc. since November 2019 and a previous board membership at SMTC Corporation where he also served as interim president and CEO. Although details regarding his personal background and educational journey are not available, his professional accomplishments and deep industry insights have made him a respected leader in his field.

EICP (Non-Equity Incentive Plan Compensation)

• Company Performance Score: 89.6%
• Individual Performance Score: 112%
• Overall EICP Payout: 100.4%
• Vesting Schedule: Cash-based incentive plan; no vesting applicable
• Evaluation Period: Annual performance for 2023

Performance Stock Units (PSUs)

• Number of PSUs Granted:
  • Threshold: 6,789
  • Target: 13,578
  • Maximum: 27,156
• Grant Date: February 7, 2023
• Grant Date Fair Value: $2,160,124
• Vesting Schedule: Vesting occurs at the end of a three-year performance period (2023–2025)
• Maximum Payout Potential: 200% of the target

Restricted Stock Units (RSUs)