John E. McGlade served as the Chairman, President, and CEO of Air Products & Chemicals, Inc. from 2007 until his retirement in 2014, spending an impressive 38 years with the company. He started in a development program in 1976 and...

John E. McGlade served as the Chairman, President, and CEO of Air Products & Chemicals, Inc. from 2007 until his retirement in 2014, spending an impressive 38 years with the company. He started in a development program in 1976 and climbed the ranks, holding various key positions, including leading the Chemical and Process Industries Division and the Performance Materials Division. McGlade's leadership focused on performance metrics, aligning executive decisions with shareholder value. In 2011, he earned over $13 million, demonstrating a strong link between his compensation and company performance, particularly through bonuses tied to earnings growth and return on capital. He also received a $1 million retention bonus in 2014 as he prepared to step down. McGlade holds a B.S. in Industrial Engineering and an MBA from Lehigh University. His strategic efforts helped Air Products maintain its status as a leading industrial gas supplier globally, emphasizing long-term goals while promoting substantial growth and efficiency across various sectors.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Air Products and Chemicals CEOs

A

John E. McGlade

Ex-CEO of Air Products and Chemicals

Education

B.S. in Industrial Engineering and M.B.A. from Lehigh University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1954 - 71 years ago

CEO of Air Products and Chemicals for

6 years 9 months (Oct 2007 - Jul 2014)

Previous Experience

Joined Air Products in 1976, held various positions in Gases business, General Manager of Chemical and Process Industries Division, Vice President of the division, General Manager and Vice President of Performance Materials Division, Group Vice President for worldwide Chemicals Group.

Rivals

Competitors/colleagues of John E. McGlade

C

Sean D. Keohane

CEO of Cabot Corporation

2023 Compensation

Stock

$0.00

Salary

$1.08M

Bonus

$1.05M

Other

$235.25K

Total Holdings

$31.67M

E

Mark J. Costa

CEO of Eastman Chemical

2022 Compensation

Stock

$1.00

Salary

$1.00

Bonus

$1.00

Other

$1.00

Total Holdings

$45.48M

A

J. Kent Masters

CEO of Albemarle

2023 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$1.92M

Other

$483.59K

Total Holdings

$8.26M

L

Sanjiv Lamba

CEO of Linde

2023 Compensation

Stock

$6.01M

Salary

$1.38M

Bonus

$3.48M

Other

$185.57K

Total Holdings

$43.81M

F

Richard C. Adkerson

CEO of Freeport-McMoRan Inc.

2023 Compensation

Stock

$12.52M

Salary

$1.80M

Bonus

$3.15M

Other

$5.52M

Total Holdings

$214.56M

C

Tony R. Thene

CEO of Carpenter Technology

2022 Compensation

Stock

$3.79M

Salary

$970.90K

Bonus

$0.00

Other

$154.69K

Total Holdings

$90.72M

Holdings

See how much did John E. McGlade make over time.

During his tenure at Air Products, McGlade saw significant fluctuations in his holdings, closely tied to the company's performance. He had a notable $13 million compensation in 2011, representing a peak in his earnings from stock options, bonuses, and salary....

During his tenure at Air Products, McGlade saw significant fluctuations in his holdings, closely tied to the company's performance. He had a notable $13 million compensation in 2011, representing a peak in his earnings from stock options, bonuses, and salary. After his retirement announcement in 2014, he received a special one-time bonus but did not receive new stock grants or options that year, showcasing the impact of performance-based compensation. His wealth largely depended on long-term incentives and performance shares, which tied directly to key financial metrics like EPS growth, aligning his interests closely with those of the shareholders.

Total Stock Sold

$20.64M

APD

$20.64M

216,614 APD shares

What if they kept their stock?

If John E. McGlade didn't sell their stock, today they would have:
Extra APD216,614 shares worth $52.85M.
This is 156.1% and $32.21M more than what they got when they sold the stock.

Charitable Transactions

APD

82,614 shares

APD

Recent Charitable Transactions

APD

16,510 shares

APD

May 13, 2013

Charity

APD

66,104 shares

APD

Nov 26, 2012

Charity

Insider Trading

See recent insider trades of John E. McGlade.

APD

19,301 shares

APD

Nov 30, 2013

Received

APD

$1.74M

APD at $111.17/share

Nov 22, 2013

Sale

APD

$2.96M

APD at $109.48/share

Nov 8, 2013

Sale

APD

$2.74M

APD at $109.51/share

Nov 6, 2013

Sale

APD

$8.07M

APD at $109.09/share

Oct 31, 2013

Sale

APD

16,510 shares

APD

May 13, 2013

Charity

APD

15,435 shares

APD

May 13, 2013

Charity

APD

19,921 shares

APD

Dec 3, 2012

Received

APD

25,986 shares

APD

Nov 14, 2012

Received

APD

66,104 shares

APD

Nov 26, 2012

Charity

Compensation History

See how much did John E. McGlade make over time.

McGlade's compensation structure was designed to motivate performance. In 2011, he made over $13 million, a clear sign of how well the company performed under his leadership. His pay combined salary, bonuses based on financial goals, and long-term stock options. Interestingly, in 2014, before his retirement, he received a $1 million retention bonus to ensure stability during leadership transitions. His compensation philosophy emphasized aligning with shareholder interests, measuring success through earnings growth and returns on capital. Throughout his career, he consistently focused on creating a rewards system that tied executive pay to the overall health and success of Air Products.

Year

2014

Total Compensation

$2.28M

Salary

$904.62K

Board Justification

The compensation philosophy aims to provide competitive total compensation for performance, support succession planning, and align with stockholder interests.

Bonus

$1.00M

Board Justification

One-time cash retention payment for services during fiscal year 2014, awarded due to extended service beyond anticipated retirement date.

Other

$371.68K

Board Justification

Includes contributions under defined contribution plans, tax reimbursements, and perquisites such as personal use of corporate aircraft.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2014 as Mr. McGlade did not receive any stock grants for the year due to his retirement announcement before the year began.

Performance Metrics

The performance metrics for determining compensation included EPS growth and underlying sales growth.

Other Air Products and Chemicals CEOs

Here are other CEOs of Air Products and Chemicals

Seifollah Ghasemi

CEO of Air Products and Chemicals

July 2014 - Present