Steve Sinquefield
About Steve Sinquefield
Steve Sinquefield is Chief Legal Officer and Secretary of StandardAero, appointed in February 2025, after serving as Senior Vice President and General Counsel since December 2015; he is 65 years old and holds a J.D. and a B.A. from the University of Mississippi . Company performance metrics used in executive incentives include 2024 Management EBITDA of $644.153 million and revenue adjusted for AIP purposes of $5,223.4 million; StandardAero’s cumulative TSR from IPO (Oct 2, 2024) to year-end 2024 was 75.60 . The company’s incentive design emphasizes revenue, EBITDA, and operating cash flow to align pay and performance .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| StandardAero | Senior Vice President & General Counsel | Dec 2015–Feb 2025 | Led corporate legal affairs; progressed to executive officer role |
| StandardAero | Chief Legal Officer & Secretary | Feb 2025–present | Oversees enterprise legal, serves as corporate secretary |
| Tenax Aerospace Holdings LLC | General Counsel; Vice President, Contracts; Corporate Secretary | Aug 2014–Dec 2015 | Led legal and contracting at aviation services firm |
External Roles
- The proxy notes he “has also served the legal profession and his community on a variety of boards, committees and membership in both state and national associations,” but does not name specific organizations or dates .
Fixed Compensation
- Individual base salary, target bonus, and actual bonus for Mr. Sinquefield are not disclosed; he was not listed among the 2024 NEOs covered by the Summary Compensation Table .
Performance Compensation
The company’s 2024 Annual Incentive Plan (AIP) metrics and outcomes used for NEOs (illustrative of incentive design; not specific to Mr. Sinquefield):
| Metric | Weighting | Target Definition | Actual FY2024 | Payout Level |
|---|---|---|---|---|
| Revenue (adjusted) | 10% | Revenue less contributions from Aero Turbine | $5,223.4M | 90% of target |
| Management EBITDA | 50% | Consolidated EBITDA less specified adjustments | $644.1M | 110% of target |
| Operating Cash Flow (adjusted) | 40% | Cash from operations less investing; excludes interest, taxes, M&A/IPO costs, Aero Turbine | $379.0M | 125% of target |
- Based on these achievements, NEOs earned 114% of target bonus under the 2024 AIP (company-level outcome) .
Equity Ownership & Alignment
| Item | Details |
|---|---|
| Restricted Stock Holding | Form 3 reports 88,543 shares of restricted stock; vests one-for-one immediately prior to a “Liquidity Event” as defined in applicable agreements (no expiration) |
| Stock Ownership Guidelines | Senior Vice Presidents and executive leadership are required to hold shares equal to 1x annual base salary; directors and other roles have higher multiples |
| Retention Requirement | Until guidelines are met, NEOs and directors must retain at least 50% of net-settled shares from equity awards |
| Hedging/Pledging Policy | Insider Trading Compliance Policy prohibits hedging instruments (e.g., collars, swaps, exchange funds); no pledging prohibition is disclosed in the proxy |
| Clawback | Company adopted a Dodd-Frank Rule 10D-1 compliant clawback policy to recover erroneously received incentive compensation over the prior three years |
| Equity Plan Capacity | As of Dec 31, 2024: 701,734 securities issuable (463,194 options; 238,540 RSUs); 25,978,391 shares available across 2024 Plan and ESPP |
Employment Terms
| Term | Details |
|---|---|
| Role and Start | Appointed Chief Legal Officer in Feb 2025; previously SVP & General Counsel from Dec 2015 |
| Secretary Role | Serves as Chief Legal Officer and Secretary (signatory on proxy and meeting materials) |
| Indemnification | Company entered indemnification agreements with each executive officer and director post-IPO, providing advancement/reimbursement to the fullest extent of DGCL (subject to exceptions) |
| Controlled Company | StandardAero is a “controlled company” under NYSE rules due to Carlyle’s >50% ownership; independence exemptions may be used in future |
| Golden Parachute Tax | Company does not provide excise tax gross-ups under IRC §4999 for change-in-control payments |
Investment Implications
- Liquidity-Event vesting on restricted stock indicates alignment with long-term transaction/value outcomes rather than near-term scheduled vesting, reducing routine insider selling pressure until such an event occurs .
- Corporate governance features (controlled company status and indemnification) support execution continuity but may temper traditional minority shareholder protections; hedging prohibitions and clawback policy enhance alignment and accountability of officers, including the CLO .
- Incentive program design centers on revenue, Management EBITDA, and operating cash flow—metrics sensitive to margin discipline and cash conversion—suggesting legal/compliance leadership that sustains execution quality is strategically valued alongside financial outcomes .
- No individual compensation disclosure for Mr. Sinquefield limits pay-for-performance assessment; however, stock ownership guidelines and retention rules imply continued skin-in-the-game expectations for executive leadership .