Peg McGetrick
About Peg McGetrick
Peg McGetrick, age 66, is an independent Class II director at Loar Holdings Inc. (LOAR) with tenure beginning at the company’s IPO; her current term runs until the 2026 annual meeting. She serves on the Audit Committee and has been designated an “audit committee financial expert,” underpinned by a career in asset management and senior leadership roles at GMO; her education includes a B.A. in Psychology and B.S. in Business Management (Providence College) and an M.S. in Finance (Fairfield University) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Grantham, Mayo, Van Otterloo & Co. (GMO) | Director | Since 2011 | Governance and oversight at a global asset manager |
| GMO | Interim Chief Executive Officer | 2016–2017 | Led $70B firm through corporate restructure and CEO transition |
| Liberty Square Asset Management | Founding Partner, Portfolio Manager | Not disclosed | Built and managed multi‑billion hedge fund; majority women-owned |
| GMO | Partner & Head of International Active | Not disclosed | Led international equity strategy and teams |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Save the Children US | Trustee | Since 2017 | Non-profit governance |
| Save the Children Association/Save the Children International Board | Trustee | Since 2020 | Global non-profit oversight |
| GMO | Director | Since 2011 | Asset management board service |
Board Governance
- Committee assignments: Audit Committee member; committee chaired by Taiwo K. Danmola with members M. Chad Crow and McGetrick; all are independent and each is deemed an audit committee financial expert .
- Independence: Board determined McGetrick and all directors other than the two executive co-chairs are independent under NYSE rules .
- Lead Independent Director: David Abrams; presides over executive sessions and key independent director functions .
- Attendance and engagement: In FY2024, the board held 4 meetings; each director attended at least 75% of board and applicable committee meetings; non‑management directors held 4 executive sessions, led by Abrams .
- Policies strengthening governance: Prohibitions on hedging, short sales, and pledging company stock apply to directors; equity awards are not timed around MNPI; clawback policy adopted in April 2024 for incentive‑based compensation (executive-focused) .
Fixed Compensation
| Component | 2024 Amount | Detail |
|---|---|---|
| Annual cash retainer | $100,000 | Non‑employee director retainer; paid quarterly |
| Equity award (stock bonus) | $500,000 | Matching Grant Shares aligned with IPO directed share purchase; 17,857 shares granted 4/24/2024 |
| Total | $600,000 | Cash + equity for FY2024 |
Notes:
- Several directors (Abrams, Bobbili, Bomberg, Carpenito, Levy) waived cash retainers; McGetrick did not waive .
- Matching Grant Shares are fully vested but subject to sale restrictions until the third anniversary of the Purchase Date; up to 50% of Purchased Shares may be sold after the first anniversary through the third anniversary .
Performance Compensation
- No performance‑linked director compensation (no PSUs/options for directors disclosed); director equity tied to one‑time matching grant aligned with personal share purchases rather than financial/ESG metrics .
Other Directorships & Interlocks
| Company/Entity | Type | Role | Potential Interlock/Conflict |
|---|---|---|---|
| GMO | Private investment manager | Director | No related-party transactions with LOAR disclosed |
| Save the Children US/International | Non‑profit | Trustee | No related-party transactions with LOAR disclosed |
Contextual board interlocks:
- Major shareholders (Abrams Capital; GPV Loar LLC) hold board seats and are party to registration rights and a voting agreement ensuring mutual support for designated directors; while not involving McGetrick directly, this concentration can influence governance dynamics .
Expertise & Qualifications
- Asset management leadership: Interim CEO and Director at GMO; founding partner and PM at Liberty Square; deep investment and strategy background .
- Audit and finance: Designated audit committee financial expert; experience in financial reporting oversight .
- Education: B.A. (Psychology), B.S. (Business Management) – Providence College; M.S. (Finance) – Fairfield University .
Equity Ownership
| Item | Shares | % of Outstanding | Notes |
|---|---|---|---|
| Purchased Shares (IPO directed share program) | 71,429 | — | Acquired at $28.00 on 4/29/2024 |
| Matching Grant Shares (fully vested; sale‑restricted) | 17,857 | — | Granted at $0 on 4/24/2024; restricted from sale until 3rd anniversary of Purchase Date; partial sale allowance for Purchased Shares after year 1 |
| Total beneficial ownership (3/28/2025) | 89,286 | <1.0% | As disclosed; outstanding shares 93,556,071 at record date |
Hedging/pledging: Company policy prohibits hedging, short sales, and pledging of LOAR securities for directors; reduces misalignment risk .
Insider Trades (Form 4)
| Trade Date | Transaction | Shares | Price | Resulting Ownership |
|---|---|---|---|---|
| 4/24/2024 | Grant (A) – Matching Grant Shares | 17,857 | $0.00 | 17,857 direct |
| 4/29/2024 | Purchase (P) – Directed share program | 71,429 | $28.00 | 89,286 direct |
Governance Assessment
- Alignment: Strong skin‑in‑the‑game via $2.0M personal share purchase (71,429 shares at $28) plus 17,857 matching shares; total ownership 89,286 shares; sale restrictions on matching grant support longer‑term alignment .
- Independence and expertise: Independent director, audit committee member and financial expert; contributes investment and governance experience from GMO and Liberty Square .
- Attendance/engagement: Board met 4 times in 2024; each director met at least 75% attendance; four executive sessions reinforce independent oversight .
- Compensation mix: Director pay is modest cash ($100k) plus one‑time equity aligned with personal purchases; McGetrick did not waive cash, unlike several investor‑affiliated directors (signal of independence from sponsor groups) .
- Conflicts and related‑party exposure: No McGetrick‑specific related‑party transactions disclosed; broader board has significant shareholder arrangements (registration rights, voting agreement) and a large lender‑shareholder (Blackstone), which are monitored under the Audit Committee’s related‑party policy; hedging/pledging prohibitions mitigate alignment concerns .
- RED FLAGS: None specific to McGetrick identified in filings; no pledging, no related‑party transactions, and timely Section 16 compliance noted for her (two other directors had a one‑day late Form 3) .