Clearwater Paper CEO Arsen Kitch's 2020 pay jumps 334% to $4M
Clearwater Paper reports 2020 executive compensation
By ExecPay News
Published: April 6, 2021
Clearwater Paper reported fiscal year 2020 executive compensation information on April 6, 2021.
In 2020, seven executives at Clearwater Paper received on average a compensation package of $2.1M, a 44% increase compared to previous year.
Average pay of disclosed executives at Clearwater Paper
Arsen S. Kitch, Chief Executive Officer, received $4M in total, which increased by 334% compared to 2019. 52% of Kitch's compensation, or $2.1M, was in stock awards. Kitch also received $1.2M in non-equity incentive plan, $668K in salary, as well as $87K in other compensation.
For fiscal year 2020, the median employee pay was $88,242 at Clearwater Paper. Therefore, the ratio of Arsen S. Kitch's pay to the median employee pay was 45 to one.
Linda K. Massman, Chief Executive Officer, received a compensation package of $2.1M, which decreased by 45% compared to previous year. 67% of the compensation package, or $1.4M, was in other compensation.
Michael S. Gadd, General Counsel, earned $2M in 2020, a 61% increase compared to previous year.
Kari G. Moyes, Senior Vice President, Human Resources, received $1.9M in 2020, which increases by 106% compared to 2019.
Steve M. Bowden, Senior Vice President, Gen'l Mgr, Pulp and Paperboard Division, earned $1.8M in 2020.
Michael J. Murphy, Chief Financial Officer, received $1.7M in 2020.
Robert G. Hrivnak, Chief Financial Officer, earned $1.4M in 2020, a 56% increase compared to previous year.
Related executives
Arsen Kitch
Clearwater Paper
Chief Executive Officer
Linda Massman
Clearwater Paper
Chief Executive Officer
Michael Murphy
Clearwater Paper
Chief Financial Officer
Robert Hrivnak
Clearwater Paper
Chief Financial Officer
Steve Bowden
Clearwater Paper
Senior Vice President, Gen'l Mgr, Pulp and Paperboard Division
Michael Gadd
Clearwater Paper
General Counsel
Kari Moyes
Clearwater Paper
Senior Vice President, Human Resources
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Source: SEC filing on April 6, 2021.