Crocs CEO Andrew Rees' 2021 pay jumps 57% to $16M
Crocs reports 2021 executive compensation
By ExecPay News
Published: April 22, 2022
Crocs reported fiscal year 2021 executive compensation information on April 22, 2022.
In 2021, five Crocs executives received on average a compensation package of $7M, a 67% increase compared to previous year.
Average pay of disclosed executives at Crocs
Andrew Rees, Chief Executive Officer, received $16M in total, which increased by 57% compared to 2020. 75% of Rees' compensation, or $12M, was in stock awards. Rees also received $2.8M in non-equity incentive plan, $1.1M in salary, as well as $41K in other compensation.
For fiscal year 2021, the median employee pay was $27,877 at Crocs. Therefore, the ratio of Andrew Rees' pay to the median employee pay was 566 to one.
Michelle Poole, President, received a compensation package of $6M, which increased by 57% compared to previous year. 68% of the compensation package, or $4.1M, was in stock awards.
Elaine Boltz, Executive Vice President and Chief Operations and Transformation Officer, earned $5.2M in 2021, a 114% increase compared to previous year.
Anne Mehlman, Chief Financial Officer, received $4.5M in 2021, which increases by 82% compared to 2020.
Daniel P. Hart, Executive Vice President, Chief Legal and Risk Officer, earned $3.5M in 2021, a 61% increase compared to previous year.
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Source: SEC filing on April 22, 2022.