Brad Beckham

Chief Executive Officer (CEO) at O REILLY AUTOMOTIVE

Since January 1, 2024

Age

46 years

Tenure

Has been with ORLY for 28 years since 1996, progressing from a Parts Specialist through roles including Store Manager, District Manager, Regional Manager, Divisional Vice President, Vice President of Eastern Store Operations and Sales, Senior Vice President roles, Executive Vice President, Chief Operating Officer, and Co-President until his promotion to CEO in January 2024.

Also at O REILLY AUTOMOTIVE

Brent Kirby

Co-President

Jeremy Fletcher

Executive Vice President and CFO

SRR

Scott R. Ross

Executive Vice President and CIO

About

Brad Beckham has spent nearly three decades at ORLY, demonstrating a deep commitment to the company and its operations. Over the course of 28 years, he has honed a diverse set of skills by taking on multiple roles that have allowed him to contribute significantly to the organization’s success.

He started his career as a Parts Specialist in 1996 and steadily rose through the ranks by embracing increasing responsibilities. His journey through roles such as Store Manager, District Manager, Regional Manager, and various Vice Presidential positions underscores a career built on determination and a passion for operational excellence.

As a leader, his ascent to the Chief Executive Officer position in January 2024 reflects a strategic succession plan and a profound understanding of the industry. Known for his focus on customer service and his commitment to ORLY’s culture, he not only leads the company toward future growth but also embodies the values and legacy that have defined ORLY throughout the years.

$ORLY Performance Under Brad Beckham

Past Roles

Organization	Role	Date Range	Details
ORLY	Co-President	N/A	Held prior to promotion to CEO in January 2024
ORLY	Executive Vice President and Chief Operating Officer	N/A
ORLY	Executive Vice President of Store Operations and Sales	N/A
ORLY	Senior Vice President of Central Store Operations	N/A
ORLY	Senior Vice President of Eastern Store Operations and Sales	N/A
ORLY	Vice President of Eastern Store Operations and Sales	N/A
ORLY	Divisional Vice President	N/A
ORLY	Regional Manager	N/A
ORLY	District Manager	N/A
ORLY	Store Manager	N/A
ORLY	Parts Specialist	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$744,231	Annual 2023	Fixed annual base salary
Company Contributions to Deferred Plan	$1,212	2023	Included in All Other Compensation
Company Contributions to 401(k) Plan	$11,000	2023	Included in All Other Compensation
Medical Insurance Premium Reimbursement	$775	2023	Included in All Other Compensation
Value of Company-Paid Group Term Life Insurance	$6,465	2023	Included in All Other Compensation
Discount from Employee Stock Purchase Plan	$6,600	2023	Included in All Other Compensation
Allowance for Personal Automobile	$8,770	2023	Included in All Other Compensation

Performance Compensation

Data from FY 2023

Performance Metrics and Targets

Metric	Weight (%)	Threshold	Target	Actual	Achievement (%)
Comparable Store Sales	30	3.5%	5.0%	7.9%	78.4
Operating Income	30	$2,993,000	$3,083,000	$3,186,376	58.7
Return on Invested Capital (ROIC)	20	65.56%	72.16%	74.50%	25.3
Free Cash Flow	20	$1,694,000	$2,092,000	$1,987,720	14.8

Overall, the total achievement reached 177.2%.

Incentive Compensation Details

Component	Detail/Description	Value/Percentage
Base Salary for Incentive	Base salary used to calculate target incentive compensation	$750,000
Target Incentive Compensation	Set at 100% of base salary	$750,000
Actual Incentive Payout	Actual performance payout based on achievement	$1,329,271 (177.2% of target)
Maximum Achievement Cap	Maximum multiplier allowed under the plan	5 times annual base salary
Maximum Payout	Maximum possible payout under the plan	$10,000,000 per participant

Stock Options (Share-based Compensation)

Component	Detail/Description	Value/Detail
Grant Date	Date the stock options were granted	February 2, 2023
Number of Options	Total options granted	2,375 options
Exercise Price	Price per share to exercise the option	$805.66
Grant Date Fair Value	Fair value of the granted options on the grant date	$750,154
Vesting Schedule	Vesting over four years: 25% after one year, 50% after two years, 75% after three years, 100% after four years	25% at 1 year, 50% at 2 years, 75% at 3 years, 100% at 4 years

Evaluation Period and Conditions

Evaluation Period: All performance metrics were evaluated during the 2023 performance period.
Conditions: The incentive compensation plan conditions required exceeding specific thresholds for each metric, with each metric carrying a defined weight contributing to the overall achievement. Exceeding targets on one or more metrics contributed to the final payout.