Darden Restaurants CEO Eugene Lee's 2022 pay rises 17% to $12M
Darden Restaurants reports 2022 executive compensation
By ExecPay News
Published: August 8, 2022
Darden Restaurants reported fiscal year 2022 executive compensation information on August 8, 2022.
In 2022, five executives at Darden Restaurants received on average a compensation package of $5.2M, a 26% increase compared to previous year.
Average pay of disclosed executives at Darden Restaurants
Eugene I. Lee, Jr, Chief Executive Officer, received $12M in total, which increased by 17% compared to 2021. 39% of Lee's compensation, or $4.6M, was in stock awards. Lee also received $3.7M in non-equity incentive plan, $1.4M in option awards, $1.2M in salary, as well as $917K in other compensation.
For fiscal year 2022, the median employee pay was $21,931 at Darden Restaurants. Therefore, the ratio of Eugene I. Lee, Jr's pay to the median employee pay was 542 to one.
Ricardo Cardenas, Chief Executive Officer, received a compensation package of $4.7M, which increased by 25% compared to previous year. 39% of the compensation package, or $1.8M, was in stock awards.
M. John Martin, President, Specialty Restaurant Group, earned $3.4M in 2022, a 17% increase compared to previous year.
Todd A. Burrowes, President, LongHorn Steakhouse, received $3.1M in 2022, which increases by 15% compared to 2021.
Rajesh Vennam, Chief Financial Officer, earned $2.9M in 2022, a 138% increase compared to previous year.
Darden Restaurants' fiscal year ends on May 29.
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Source: SEC filing on August 8, 2022.