Bradley E. Troutman
KRONOS WORLDWIDEAbout Bradley E. Troutman
Bradley E. Troutman is Senior Vice President and Chief Financial Officer of Kronos Worldwide, Inc., appointed effective August 8, 2025; he is 51 years old and previously served as CFO of Pegasus Logistics Group (2024–July 2025) and CFO of Atlantic Aviation (2019–2022), with prior roles including manager in the PCAOB inspection division and assurance manager at PwC (1996–2004) . He has certified Kronos’ Q3 2025 Form 10-Q under SOX Section 302 and 906, evidencing responsibility over disclosure controls and internal control over financial reporting . Tenure at KRO is since August 2025; he signed multiple company 8-K filings as CFO starting September–November 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Pegasus Logistics Group | Chief Financial Officer | 2024–Jul 2025 | Led finance for global freight forwarding; senior finance oversight |
| Atlantic Aviation | Chief Financial Officer | 2019–2022 | CFO for U.S. FBO network and aviation services provider |
| Public Company Accounting Oversight Board (PCAOB) | Manager, Inspection Division | ~2 years (dates not specified) | Audit inspections; regulatory oversight exposure |
| PricewaterhouseCoopers LLP | Manager, Assurance & Business Advisory | 1996–2004 | Audit/assurance management; public-company reporting experience |
External Roles
No public company directorships disclosed; prior roles were operating finance leadership positions at private and public companies (as above) .
Fixed Compensation
- KRO uses an Intercorporate Services Agreement (ISA) with Contran; NEO “salary” equals the portion of ISA fees allocated to KRO based on estimated time devoted, not tied to KRO performance. The Compensation Committee and independent directors review and approve the aggregate ISA fee annually .
- For 2024, Kronos’ NEOs (including the then-CFO) received no equity grants or plan-based awards; reported “salary” reflects ISA charges (e.g., then-CFO Tim C. Hafer: $1,017,000 for 2024) . Note: Troutman’s individual compensation at KRO has not yet appeared in a proxy; structure applies prospectively via Contran ISA .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Financial/ESG metrics | Not used | n/a | n/a | n/a | n/a |
KRO disclosed it “did not use any specific financial performance measures to link executive compensation of our named executive officers to company performance for 2024,” and granted no plan-based awards to NEOs; the ISA amounts are cost allocations rather than performance pay .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Form 3 (Initial Ownership) | Filed Aug 11, 2025 for event date Aug 8, 2025; “No securities are beneficially owned” by Bradley E. Troutman at appointment . |
| Executive Equity Awards | None outstanding for NEOs at 12/31/2024; KRO has never granted stock options or restricted stock to executives; no option exercises or stock vested in 2024 . |
| Hedging/Pledging | KRO has not adopted specific employee/officer hedging policies; employees/officers must comply with the insider trading policy (covers hedging transactions) . |
| Ownership Guidelines (Management) | KRO does not have security ownership requirements or guidelines for management; director-only stock ownership guidelines apply to non-employee directors . |
| Beneficial Ownership Context | As of the 2025 proxy record date, prior CFO and other executive officers generally held few or no KRO shares; executives as a group held 144,283 shares (<1%)—illustrating historically low insider ownership at KRO . |
Employment Terms
- Appointment: Elected Senior Vice President and Chief Financial Officer effective August 8, 2025; concurrently accepted employment with Contran with the same start date .
- Contract Structure: Executive services provided via Contran’s ISA; amounts charged depend on Contran’s cost and time allocation; charges expensed quarterly; not dependent on KRO performance .
- Severance/Change-of-Control: No individual executive severance or change-of-control terms disclosed for Troutman; the proxy does not present executive employment agreements, severance multiples, or CIC triggers .
- Clawback/Non-compete: No executive clawback policy or non-compete provisions disclosed for Troutman in the proxy .
- Certifications: Troutman executed SOX certifications for the Q3 2025 Form 10-Q and signed several 8-Ks as CFO, confirming officer status and responsibilities .
Say-on-Pay & Compensation Committee
- Say-on-Pay support: 87.3% approval at the 2024 annual meeting; Board determined not to make material changes to compensation practices .
- Compensation Committee: R. Gerald Turner (Chair), Cecil H. Moore, Jr., and John E. Harper; they recommended inclusion of the CD&A in the proxy .
Risk Indicators & Red Flags
- Pay-for-performance alignment: Executive compensation is not linked to specific performance measures; ISA allocations are independent of KRO performance .
- Equity incentives: No executive equity grants or options outstanding; KRO did not anticipate executive equity grants in 2025 beyond director stock awards—reducing direct equity alignment but also limiting insider selling pressure .
- Related-party dependencies: Extensive Contran relationships (ISA, office sublease, tax items); Audit Committee reviewed and approved terms as fair and reasonable .
- Ownership/pledging: No pledging disclosures; management lacks ownership guidelines; Form 3 shows Troutman had no KRO holdings at appointment .
Investment Implications
- Compensation alignment: The ISA model and absence of performance-tied incentives suggest limited direct alignment of executive pay with KRO’s near-term financial/stock performance; expect Troutman’s compensation to follow the ISA framework rather than TSR/EBITDA targets .
- Selling pressure: With no executive equity awards and Form 3 showing zero beneficial ownership at appointment, near-term insider selling pressure from Troutman appears muted; absence of equity grants historically reduces forced vest-related sales .
- Retention mechanics: Employment through Contran centralizes executive arrangements; lack of disclosed severance/CIC terms makes retention economics opaque but consistent with the Contran ISA model .
- Governance and controls: Early SOX certifications and repeated CFO sign-offs on 8-Ks indicate operationalization of Troutman’s role and continuity in internal controls/disclosure processes .