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    Michael Olosky

    President and CEO at Simpson Manufacturing Co Inc
    Since January 1, 2023
    Age
    55 years
    Tenure
    Joined as COO in November 2020, promoted to President and COO in January 2022, and assumed the role of President and CEO on January 1, 2023.

    Also at Simpson Manufacturing Co Inc

    CP
    Cassandra Payton
    Executive Vice President, General Counsel
    JL
    Jennifer Lutz
    Executive Vice President, Human Resources
    JG
    Jeremy Gilstrap
    Executive Vice President, Innovation

    About

    Currently serving as President and CEO of Simpson Manufacturing Co., Inc. since January 1, 2023 , he has been at the helm of the company during a period of strategic transformation and growth.

    He joined the company in November 2020 as Chief Operating Officer and swiftly advanced in his career. After his initial role, he served as President and Chief Operating Officer from January 2022 to December 2022, demonstrating his deep operational expertise and leadership capabilities.

    Before his tenure at SSD, he built an impressive career spanning 22+ years at Henkel, where he held several leadership positions including Regional President for Henkel North America and Head of the Electronics and Industrial Division. His extensive international experience and commitment to innovation further reinforce his strong leadership in the industry.

    $SSD Performance Under Michael Olosky

    Past Roles

    OrganizationRoleDate RangeDetails
    Simpson Manufacturing Co., Inc. (SSD)President and Chief Operating OfficerJanuary 2022 to December 2022Held prior to becoming President and CEO
    Simpson Manufacturing Co., Inc. (SSD)Chief Operating OfficerNovember 2020 to January 2022Held prior to becoming President and CEO
    HenkelRegional President, Henkel North AmericaN/APart of a 22+ year tenure at Henkel with extensive international operations leadership
    HenkelHead of the Electronics and Industrial DivisionN/AHeld during a 22+ year tenure that included over nine years of international operations

    Fixed Compensation

    Data from  FY 2023
    Component NameAmount ($)Payment ScheduleAdditional Details
    Base Salary800,000 AnnualFixed base salary
    Profit Sharing Trust Contribution and Forfeitures33,000 AnnualPart of All Other Compensation
    Health Savings Account (HSA) Contributions0 Annual-
    Vehicle Allowance0 Annual-
    Other Defined Contribution Plan Contributions0 Annual-

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan Compensation

    Metric / ComponentDetails
    Performance MetricOperating Income
    Threshold Operating Income$307,228,000
    Target Operating Income$438,897,000
    Maximum Operating Income$570,566,000
    Actual Operating Income$536,608,000 (122.26% of target)
    Threshold Payout$200,000
    Target Payout$800,000
    Maximum Payout$1,600,000
    Actual Payout$1,483,432 (185.4% of target)
    Payout ConditionsMinimum hurdle at 70% of target; evaluated quarterly and annually

    Equity Incentive Plan Awards

    Metric / ComponentDetails
    Performance Metrics & WeightsRevenue Growth (50% weight); ROIC (50% weight)
    Revenue Growth TargetsThreshold: (10.1%); Target: (8.0%); Maximum: (4.0%)
    ROIC TargetsThreshold: 12.7%; Target: 17.8%; Maximum: 23.4%
    Performance PeriodJanuary 1, 2023 to December 31, 2025
    RSUs9,453 shares; Vest in three equal annual installments; Grant Date: January 24, 2023; Grant Date Fair Value: $99.13 per share; Total Value: $937,076
    PSUsTarget: 17,552 shares (Grant Date Fair Value: $98.03 per share; Total Value: $1,720,623), Maximum: 35,104 shares; Vesting: Cliff at end of performance period