Companies Universal Stainless & Alloy Products
Universal Stainless & Alloy Products (USAP): executive pay, fiscal 2023
Free brief. Every figure links to the company’s own filing.
Universal Stainless & Alloy Products no longer files a proxy statement; its last pay data is FY2023.
CEO pay, last three years
- $679,248FY2021
- $417,701FY2022
- $1,045,683FY2023
CEO total pay was $1,045,683 in fiscal 2023, up from $417,701 in fiscal 2022.
FY2023: salary $371,430 · bonus $0 · stock awards $250,137 · option awards $0
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Dennis Oates | $504,000 | $0 | $88,990 | $0 | $622,315 | $2,418 | $21,011 | $1,238,733 |
| Chairman, Former President and Chief Executive Officer | ||||||||
| Christopher Zimmer | 371,430 | 0 | 250,137 | 0 | 410,258 | 2,418 | 11,440 | 1,045,683 |
| President and Chief Executive Officer | ||||||||
| Graham McIntosh | 293,073 | 0 | 34,787 | 0 | 288,970 | 2,418 | 1,040 | 620,288 |
| Executive Vice President of Technology, Chief Technology Officer | ||||||||
| Wendel Crosby | 289,598 | 0 | 34,787 | 0 | 285,544 | 2,418 | 1,040 | 613,387 |
| Vice President of Manufacturing | ||||||||
| Steven DiTommaso | 230,265 | 0 | 34,787 | 0 | 227,041 | 2,418 | 1,040 | 495,551 |
| Vice President and Chief Financial Officer | ||||||||
| John Arminas | 239,476 | 0 | 34,787 | 0 | 196,769 | 2,418 | 1,040 | 474,490 |
| Vice President, General Counsel & Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Dennis Oates | $1,238,733 | $703,723 | $1,398,552 | ↑ +535,010 |
| Christopher Zimmer | 1,045,683 | 417,701 | 679,248 | ↑ +627,982 |
| Graham McIntosh | 620,288 | 368,049 | 617,889 | ↑ +252,239 |
| Wendel Crosby | 613,387 | 363,725 | 612,301 | ↑ +249,662 |
| Steven DiTommaso | 495,551 | 326,230 | — | ↑ +169,321 |
| John Arminas | 474,490 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's executive compensation program is designed to attract, motivate, and retain executive talent needed to achieve business strategies and create stockholder value. The program ties a meaningful portion of total compensation to the Company's annual and long-term performance and encourages executives to manage from the perspective of stockholders through equity stakes.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2023
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Wendel Crosby | RSU | 2023-02-10 | — | — | 4,300 | — | $34,787 |
| Graham McIntosh | RSU | 2023-02-10 | — | — | 4,300 | — | 34,787 |
| Christopher Zimmer | RSU | 2023-02-10 | — | — | 4,300 | — | 34,787 |
| Christopher Zimmer | RSU | 2023-10-24 | — | — | 10,000 | — | 112,500 |
| Steven DiTommaso | RSU | 2023-02-10 | — | — | 4,300 | — | 34,787 |
| Christopher Zimmer | RSU | 2023-04-03 | — | — | 11,000 | — | 102,850 |
| John Arminas | RSU | 2023-02-10 | — | — | 4,300 | — | 34,787 |
| Dennis Oates | RSU | 2023-02-10 | — | — | 11,000 | — | 88,990 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Wendel Crosby | $34,787 | $0 | $0 | 0.0% |
| Graham McIntosh | 34,787 | 0 | 0 | 0.0% |
| Christopher Zimmer | 250,137 | 0 | 0 | 0.0% |
| Steven DiTommaso | 34,787 | 0 | 0 | 0.0% |
| John Arminas | 34,787 | 0 | 0 | 0.0% |
| Dennis Oates | 88,990 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2023
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Steven DiTommaso | RSU | 4,000 | — | — |
| Steven DiTommaso | RSU | 4,300 | — | 86,344 |
| Graham McIntosh | RSU | 4,300 | — | 86,344 |
| Wendel Crosby | RSU | 4,300 | — | 86,344 |
| John Arminas | RSU | 4,300 | — | 86,344 |
| John Arminas | RSU | 4,795 | — | 96,284 |
| Steven DiTommaso | RSU | 5,000 | — | 100,400 |
| John Arminas | RSU | 6,250 | — | 125,500 |
| Christopher Zimmer | RSU | 7,500 | — | 150,600 |
| Graham McIntosh | RSU | 7,500 | — | 150,600 |
| Wendel Crosby | RSU | 7,500 | — | 150,600 |
| Wendel Crosby | RSU | 7,855 | — | 157,728 |
| Graham McIntosh | RSU | 7,916 | — | 158,953 |
| Christopher Zimmer | RSU | 7,961 | — | 159,857 |
| Dennis Oates | RSU | 11,000 | — | 220,880 |
| John Arminas | RSU | 14,875 | — | — |
| Dennis Oates | RSU | 23,093 | — | 463,707 |
| Dennis Oates | RSU | 24,500 | — | 491,960 |
| Christopher Zimmer | RSU | 25,300 | — | 508,024 |
| Wendel Crosby | RSU | 32,500 | — | — |
| Graham McIntosh | RSU | 36,875 | — | — |
| Christopher Zimmer | RSU | 40,875 | — | — |
| Dennis Oates | RSU | 90,950 | — | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Christopher L. AyersIndependent · Lead Independent Director · Audit · Compensation · Nominating and Governance | $57,306 | $79,707 | — | — | — | $137,013 |
| M. David KornblattIndependent · Audit (Chair) · Compensation · Nominating and Governance | 57,306 | 79,707 | — | — | — | 137,013 |
| Udi ToledanoIndependent · Audit · Compensation · Nominating and Governance (Chair) | 57,306 | 79,707 | — | — | — | 137,013 |
| Judith L. BacchusIndependent · Audit · Compensation (Chair) · Nominating and Governance | 57,004 | 79,741 | — | — | — | 136,745 |
Board fee structure and ownership guideline
| Annual cash retainer | $30,000 |
|---|---|
| Annual equity retainer | $40,000 |
| Per board meeting fee | $3,750 |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $228,922 |
| Equity awards (grant-date value) | $318,862 |
| All other compensation | $0 |
| Total cost of the board | $547,784 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Universal Stainless & Alloy Products as a peer
Companies that benchmark against USAP
1 company names USAP as a compensation peer
- CORE MOLDING TECHNOLOGIES INCCMTFY2025
Each company listed discloses USAP in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named USAP in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Universal Stainless & Alloy Products | 2023 | Christopher Zimmer | $371,430 | $250,137 | $0 | $410,258 | $1,045,683 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
CEO pay ratio
| Ratio (CEO : median employee) | 14.09 : 1 |
|---|---|
| CEO total compensation | $1,064,807 |
| Median employee compensation | $75,586 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (23 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Dennis Oates. DEF 14A, filed 2024-04-10. Section “Executive Compensation”. As printed: 1,238,733. View filing ↗
- Section 01, Christopher Zimmer. DEF 14A, filed 2024-04-10. Section “Executive Compensation”. As printed: 1,045,683. View filing ↗
- Section 01, Graham McIntosh. DEF 14A, filed 2024-04-10. Section “Executive Compensation”. As printed: 620,288. View filing ↗
- Section 01, Wendel Crosby. DEF 14A, filed 2024-04-10. Section “Executive Compensation”. As printed: 613,387. View filing ↗
- Section 01, Steven DiTommaso. DEF 14A, filed 2024-04-10. Section “Executive Compensation”. As printed: 495,551. View filing ↗
- Section 01, John Arminas. DEF 14A, filed 2024-04-10. Section “Executive Compensation”. As printed: 474,490. View filing ↗
- Section 03, Wendel Crosby RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Graham McIntosh RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Zimmer RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Zimmer RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Steven DiTommaso RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Zimmer RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Arminas RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Dennis Oates RSU. DEF 14A, filed 2024-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2024-04-10. Section “CEO Pay Ratio”. As printed: 14.09 : 1. View filing ↗
- Section 08, Christopher L. Ayers. DEF 14A, filed 2024-04-10. Section “Director Compensation”. As printed: 137,013. View filing ↗
- Section 08, M. David Kornblatt. DEF 14A, filed 2024-04-10. Section “Director Compensation”. As printed: 137,013. View filing ↗
- Section 08, Udi Toledano. DEF 14A, filed 2024-04-10. Section “Director Compensation”. As printed: 137,013. View filing ↗
- Section 08, Judith L. Bacchus. DEF 14A, filed 2024-04-10. Section “Director Compensation”. As printed: 136,745. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 228,922 + equity 318,862 + all other 0 = 547,784, summed across the director compensation table rows.
- Universal Stainless & Alloy Products (subject), Section 10b CEO total. DEF 14A, filed 2024-04-10. CEO total compensation as printed in Universal Stainless & Alloy Products's own proxy. As printed: 1,045,683. View filing ↗