Sign in

    Bahram Akradi

    Founder, Chairman, and CEO at Life Time Group Holdings Inc
    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 Inc

    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.