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    Bahram Akradi

    Founder, Chairman, and CEO at Life Time Group Holdings
    Board
    Since May 1996
    Age
    62 years
    Tenure
    Joined LTH in 1992 as its founder, serving as a director since inception, and was promoted to CEO and Chairman in May 1996.

    Also at Life Time Group Holdings

    EB
    Eric Buss
    Executive Vice President & Chief Administrative Officer
    EW
    Erik Weaver
    Executive Vice President & Chief Financial Officer
    PJ
    Parham Javaheri
    Executive Vice President, President of Club Operations, and Chief Property Development Officer

    About

    Bahram Akradi has built a career spanning over 30 years in the fitness and wellness industry, establishing himself as a leader through his innovative approach to healthy lifestyle initiatives.

    Before expanding LTH into a recognized premium brand, he co-founded and led initiatives at U.S. Swim & Fitness Corporation from 1984 to 1989 and played a critical role in launching industry-wide programs that have reshaped fitness experiences.

    Outside of LTH, his leadership extends to serving as Chairman of the Board at Northern Oil & Gas Inc., further demonstrating his versatile executive expertise and commitment to driving success across diverse sectors.

    $LTH Performance Under Bahram Akradi

    Past Roles

    OrganizationRoleDate RangeDetails
    U.S. Swim & Fitness Corporation Executive Vice President 1984 - 1989 Co-founded and led the company
    Health and Fitness Industry Leadership Council Founder N/A Founded prior to joining LTH

    External Roles

    OrganizationRoleDate RangeDetails
    Northern Oil & Gas Inc. (NYSE: NOG) Chairman of the Board of Directors 2017 - Present Active appointment since 2017

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,500,000 Annual (2023)Fixed base salary
    Car Allowance / Use of Company Car$12,000 2023Provided as a benefit
    Company Car Gross-Up$5,300 2023Includes tax gross-up
    Phone Allowance$600 2023Cell phone expense
    Home Connectivity$1,839 2023Internet allowance
    Executive Long-Term Disability Insurance$2,220 2023Non-cash insurance benefit
    Other (incl. personal administrative support & tax gross-up)$67,503 2023Includes $46,847 for administrative support with a $20,656 tax gross-up

    Performance Compensation

    Data from  FY 2023

    Short-Term Incentive Compensation (Bonus Program)

    Performance MetricThresholdTargetMaximumActual Adjusted EBITDA
    Adjusted EBITDA$430 million $450 million $470 million $536.8 million

    Payout Structure & Details:

    • Payouts were determined via linear interpolation between the threshold and target, and between target and maximum. Exceeding the maximum performance level resulted in full bonus opportunity.
    • Awards were granted as restricted stock units with a grant date stock price of $17.27 per share.
    • The performance evaluation covered the full fiscal year 2023.

    Additional Performance-Based RSUs

    Metric/DetailValueCitation
    Performance Threshold (Adjusted EBITDA)$430 million
    Performance Target (RSU target units)173,712 units
    Maximum (RSU maximum units)217,140 units
    Additional RSUs Issued43,428 units (difference between target and maximum)
    Grant DateMarch 9, 2023
    Grant Date Stock Price$17.27 per share
    Grant Date Fair Value$3,750,008
    Vesting DateFebruary 29, 2024

    Annual Equity Grants (Long-Term Incentive Program)

    ComponentDetailCitation
    Stock Options392,259 options, with an exercise price of $17.27/sh
    Restricted Stock Units (RSUs)217,140 units, subject to a performance qualifier requiring Adjusted EBITDA ≥ $450 million
    Grant DateMarch 9, 2023
    Grant Date Fair ValueStock Options: $3,749,996, RSUs: $3,750,008; Total: $7,500,000
    Vesting ScheduleStock Options vest ratably over 4 years starting March 9, 2024; RSUs vest ratably over 4 years starting February 29, 2024

    Evaluation Period & Performance Condition:

    • The evaluation period was for fiscal year 2023. The performance qualifier for the RSUs required Adjusted EBITDA to meet or exceed $450 million. As the actual performance was $536.8 million, the performance conditions were met and awards fully vested.