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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.