Jeffrey L. Turner served as the CEO of Spirit AeroSystems from 2005 until his retirement in 2013. During his time, he was instrumental in shaping the company's growth after it separated from Boeing. Under his leadership, Spirit became a significant...

Jeffrey L. Turner served as the CEO of Spirit AeroSystems from 2005 until his retirement in 2013. During his time, he was instrumental in shaping the company's growth after it separated from Boeing. Under his leadership, Spirit became a significant player in the aerospace industry, known for its work on major aircraft structures. He had a unique financial journey, earning a total compensation of over $4 million in one of his peak years, with a notable portion coming from vested stock. Interestingly, in 2007, his stock vesting was valued at over $16 million, showcasing the high stakes in his position. Turner navigated the company's transitions and market challenges effectively and even upon retiring, he secured a consulting role, reflecting his ongoing influence within the company. His insight into the industry was backed by substantial personal investments, making waves in insider trading around 2019, with monthly trades valued consistently over $40 million. Overall, his career reflects a blend of strategic leadership, financial acumen, and deep industry knowledge, especially in aerospace manufacturing.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Spirit Aerosystems CEOs

S

Jeffrey L. Turner

Ex-CEO of Spirit Aerosystems

Sector of Economy

Industrials

CEO of Spirit Aerosystems for

7 years 7 months (Jun 2005 - Jan 2013)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Jeffrey L. Turner

L

Roger A. Krone

CEO of Leidos Holdings

2022 Compensation

Stock

$0.00

Salary

$1.27M

Bonus

$0.00

Other

$34.30K

Total Holdings

$86.00M

H

Christopher D. Kastner

CEO of Huntington Ingalls Industries

2023 Compensation

Stock

$1.78M

Salary

$1.18M

Bonus

$3.00M

Other

$160.52K

Total Holdings

$20.94M

Holdings

See how much did Jeffrey L. Turner make over time.

Jeffrey L. Turner made impactful stock trades, especially in 2019, where he reported insider trading values peaking at $45.94 million in November. His trading activity showed consistent high values, often exceeding $40 million per month. The fluctuations in his holdings...

Jeffrey L. Turner made impactful stock trades, especially in 2019, where he reported insider trading values peaking at $45.94 million in November. His trading activity showed consistent high values, often exceeding $40 million per month. The fluctuations in his holdings saw the highest value in September 2019, dropping to $8.84 million by September 2023. This variation indicates a strategic approach to trading in the aerospace sector, which aligns with his leadership experience at Spirit AeroSystems. His significant stock options and the eventual wealth from consistent stock vesting demonstrate that he understood the market dynamics well. Overall, Turner's financial maneuvers in the market reflect an executive who not only led from the front but actively engaged in personal investments tied closely with his professional endeavors.

Total Stock Sold

$2.96M

SPR

$2.96M

112,777 SPR shares

What if they kept their stock?

If Jeffrey L. Turner didn't sell their stock, today they would have:
Extra SPR112,777 shares worth $3.14M.
This is 6.09% and $180.24K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jeffrey L. Turner.

SPR

$1.21M

SPR at $30.15/share

Apr 24, 2014

Sale

SPR

4,321 shares

SPR

Dec 16, 2013

Received

SPR

73,932 shares

SPR

May 8, 2013

Received

SPR

10,962 shares

SPR

Feb 22, 2013

Received

SPR

124,546 shares

SPR

May 7, 2012

Received

SPR

$862.62K

SPR at $24.95/share

May 7, 2012

Sale

SPR

$184.61K

SPR at $24.05/share

Feb 29, 2012

Sale

SPR

15,140 shares

SPR

Feb 24, 2012

Received

SPR

106,113 shares

SPR

May 10, 2011

Received

SPR

$700.90K

SPR at $22.96/share

May 6, 2011

Sale

Compensation History

See how much did Jeffrey L. Turner make over time.

Throughout his time at Spirit AeroSystems, Jeffrey L. Turner’s compensation fluctuated widely, peaking at over $4 million in 2011. His salary was significant, with a base reaching around $750,000 at one point, but what really stood out was his performance bonus that often accounted for large parts of his income. Notably, in 2007, he received bonuses that added nearly $3 million to his earnings. His compensation was tied to the company's performance metrics like EBIT and free cash flow, which showed that Turner was aligned with the company's success. After his retirement, he maintained a consulting position and continued receiving a salary for providing guidance, indicating a lasting relationship with the company he helped grow significantly. This retirement package showcased that even beyond his official tenure, his insights remained valuable to Spirit AeroSystems.

Year

2013

Total Compensation

$4.09M

Salary

$567.59K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate highly qualified executive officers by providing competitive compensation that is market-based and ensuring a substantial portion of total compensation is variable, delivering awards based on company and individual success.

Bonus

$0.00

Board Justification

No bonus was awarded to Mr. Turner for 2013 due to his retirement in June 2013.

Other

$45.58K

Board Justification

Other compensation includes contributions to defined contribution plans and other benefits.

Restricted Stock

$3.48M(169.72K restricted stock)

Board Justification

Mr. Turner received 169,720 shares of restricted stock that vested in 2013, including 10,962 shares from the STIP and 158,758 shares from the LTIP.

Performance Metrics

The performance metrics for 2013 included company-wide quantitative measures of earnings before interest and taxes (EBIT), EBIT as a percentage of revenue, and total free cash flow.

Other Spirit Aerosystems CEOs

Here are other CEOs of Spirit Aerosystems

Tom Gentile

CEO of Spirit Aerosystems

August 2016 - Present