Gerry P. Smith
2021
In 2021, Gerry P. Smith earned a total compensation of $11M as Chief Executive Officer at Office Depot, a 11% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $2,347,950 |
|---|---|
| Salary | $1,100,000 |
| Stock Awards | $7,500,000 |
| Other | $33,700 |
| Total | $10,981,650 |
Smith received $7.5M in stock awards, accounting for 68% of the total pay in 2021.
Smith also received $2.3M in non-equity incentive plan, $1.1M in salary and $33.7K in other compensation.
Rankings
In 2021, Gerry P. Smith's compensation ranked 897th out of 12,415 executives tracked by ExecPay. In other words, Smith earned more than 92.8% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 897 out of 12,415 | 93rd |
Division Retail Trade | 50 out of 680 | 93rd |
Major group Miscellaneous Retail | 21 out of 189 | 89th |
Industry group Miscellaneous Shopping Goods Stores | 1 out of 28 | 96th |
Pay ratio
| Gerry P. Smith's Pay | $10,981,650 |
|---|---|
| Median Employee's Pay | $47,937 |
| Pay Ratio | 229to 1 |
In 2021, the annual total compensation of Gerry P. Smith was $10,981,650.
The annual total compensation of the median employee at Office Depot was $47,937.
The ratio of Gerry P. Smith's pay to the pay of median employee was therefore 229 to one.
Source: SEC filing on March 17, 2022.
Smith's colleagues
We found four more compensation records of executives who worked with Gerry P. Smith at Office Depot in 2021.
2021
D Scaglione
Office Depot
Chief Financial Officer
2021
N Bleisch
Office Depot
Executive Vice President, Chief Legal & Administrative Officer
2021
John Gannfors
Office Depot
Executive Vice President, Chief Merchandising and Supply Chain Officer
2021
Terry Leeper
Office Depot