Clearwater Paper CEO Arsen Kitch's 2021 pay slips 13% to $3.5M
Clearwater Paper reports 2021 executive compensation
By ExecPay News
Published: April 5, 2022
Clearwater Paper reported fiscal year 2021 executive compensation information on April 5, 2022.
In 2021, five executives at Clearwater Paper received on average a compensation package of $1.7M, a 22% decrease compared to previous year.
Average pay of disclosed executives at Clearwater Paper
Arsen S. Kitch, Chief Executive Officer, received $3.5M in total, which decreased by 13% compared to 2020. 52% of Kitch's compensation, or $1.8M, was in stock awards. Kitch also received $693K in non-equity incentive plan, $813K in salary, as well as $164K in other compensation.
For fiscal year 2021, the median employee pay was $79,163 at Clearwater Paper. Therefore, the ratio of Arsen S. Kitch's pay to the median employee pay was 44 to one.
Michael S. Gadd, General Counsel, received a compensation package of $1.3M, which decreased by 34% compared to previous year. 37% of the compensation package, or $483K, was in salary.
Michael J. Murphy, Chief Financial Officer, earned $1.3M in 2021, a 25% decrease compared to previous year.
Steve M. Bowden, Senior Vice President, Gen'l Mgr, Pulp and Paperboard Division, received $1.2M in 2021, which decreases by 37% compared to 2020.
Kari G. Moyes, Senior Vice President, Human Resources, earned $1.1M in 2021, a 45% decrease compared to previous year.
Related executives
Arsen Kitch
Clearwater Paper
Chief Executive Officer
Michael Murphy
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 5, 2022.