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Talman B. Pizzey

Chief Executive Officer at TIC Solutions
Board
Since December 19, 2024
Age
60 years
Education
Holds a bachelor's degree in metallurgical engineering and an MBA, both from the University of Alberta.
Tenure
Joined TIC as a director and Chief Executive Officer in July 2024.

Also at TIC Solutions

FES
Fiona E. Sutherland
General Counsel
KBS
Kristin B. Schultes
Chief Financial Officer
LSJ
Lourinda St. John
Chief Human Resources Officer

About

Talman B. Pizzey is the Chief Executive Officer of TIC, currently aged 60, with an extensive background in the safety and compliance industry.

He holds a bachelor's degree in metallurgical engineering and an MBA from the University of Alberta, which underscores his strong technical and business foundations.

Prior to his current role, he served as the Chief Operating Officer for ASP Acuren’s Canadian businesses starting in 2005 and was promoted to CEO of ASP Acuren in December 2019, demonstrating his progression through increasingly critical leadership roles.

Since joining TIC as a director and CEO in July 2024 and officially starting his current position on December 19, 2024, he has leveraged his deep industry experience to drive operational excellence at the company.

$TIC Performance Under Talman B. Pizzey

Past Roles

OrganizationRoleDate RangeDetails
ASP Acuren and its affiliated companies Chief Executive Officer December 2019 - July 2024 Held CEO role prior to joining TIC
ASP Acuren and its affiliated companies Chief Operating Officer for Canadian businesses 2005 - December 2019 Served before promotion to CEO

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary CAD $947,810 / USD $599,100AnnualAnnual base salary for 2024
Restricted Stock Units (RSUs) $2,200,000 value; 110,000 unitsVests in equal installments on the 1st, 2nd, & 3rd anniversaries (starting July 30, 2024)Grant Date: July 30, 2024; vesting schedule in equal portions
All Other Compensation $10,435As incurred throughout the yearIncludes health expenses and car allowance (none individually exceed $10,000)
Severance Benefits ContingentUpon termination without cause or for good reasonEntitles Mr. Pizzey to two years of base salary, two times target annual bonus (paid over 12 months), pro-rata bonus for the termination year, earned but unpaid base salary, unused PTO, vested benefits, and 24 months of COBRA benefits

Performance Compensation

Data from  FY 2024

Performance-based Restricted Stock Units (PSUs)

MetricDetail
Grant Date July 30, 2024
Number of PSUs Granted 110,000 PSUs
Grant Date Fair Value $2,200,000 (aggregate value for stock awards)
Grant Date Stock Price $12.75 per share (used for valuation as of December 31, 2024)
Performance Metric VWAP Requirement: Vesting is subject to the company’s common stock reaching a specified VWAP over a 10 consecutive trading day period
VWAP Achievement Period From the listing date (July 30, 2024) to July 30, 2029
Vesting Schedule Vesting occurs on the later of July 30, 2025, or the calendar day following the end of the VWAP Achievement Period, contingent on meeting the VWAP target
Thresholds/Targets Not disclosed: Specific VWAP price target details are not provided

No additional performance compensation metrics such as weights, cap, or detailed evaluation results are detailed in the documents.