Berry Plastics Group CEO Thomas Salmon's 2019 pay rises 17% to $5.6M
Berry Plastics Group reports 2019 executive compensation
By ExecPay News
Published: January 22, 2020
Berry Plastics Group reported fiscal year 2019 executive compensation information on January 22, 2020.
In 2019, five executives at Berry Plastics Group received on average a compensation package of $2.5M, a 4% increase compared to previous year.
Average pay of disclosed executives at Berry Plastics Group
Thomas E. Salmon, Chief Executive Officer, received $5.6M in total, which increased by 17% compared to 2018. 77% of Salmon's compensation, or $4.3M, was in option awards. Salmon also received $250K in non-equity incentive plan, $1M in salary, as well as $15K in other compensation.
For fiscal year 2019, the median employee pay was $50,162 at Berry Plastics Group. Therefore, the ratio of Thomas E. Salmon's pay to the median employee pay was 111 to one.
Mark W. Miles, Chief Financial Officer, received a compensation package of $2M, which increased by 9% compared to previous year. 65% of the compensation package, or $1.3M, was in option awards.
Curt L. Begle, President — Engineered Materials Division, earned $1.8M in 2019, a 20% increase compared to previous year.
Jean-Marc Galvez, President — Consumer Packaging International Division, received $1.6M in 2019, which increases by 10% compared to 2018.
Jason K. Greene, Chief Legal Officer, earned $1.4M in 2019.
Berry Plastics Group's fiscal year ends on September 26.
Related executives
Thomas Salmon
Berry Plastics Group
Chief Executive Officer
Mark Miles
Berry Plastics Group
Chief Financial Officer
Curt Begle
Berry Plastics Group
President — Health, Hygiene & Specialities Division
Jean-Marc Galvez
Berry Plastics Group
President — Consumer Packaging International Division
Jason Greene
Berry Plastics Group
Chief Legal Officer
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Source: SEC filing on January 22, 2020.