Ferro CEO Peter Thomas' 2018 pay slips 11% to $4.9M
Ferro reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
Ferro reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, three Ferro executives received on average a compensation package of $2.5M, a 10% decrease compared to previous year.
Average pay of disclosed executives at Ferro
Peter T. Thomas, Chief Executive Officer, received $4.9M in total, which decreased by 11% compared to 2017. 42% of Thomas' compensation, or $2M, was in stock awards. Thomas also received $830K in non-equity incentive plan, $770K in option awards, $941K in salary, as well as $293K in other compensation.
For fiscal year 2018, the median employee pay was $39,243 at Ferro. Therefore, the ratio of Peter T. Thomas' pay to the median employee pay was 124 to one.
Benjamin Schlater, Chief Financial Officer, received a compensation package of $1.3M, which decreased by 4% compared to previous year. 34% of the compensation package, or $437K, was in salary.
Mark H. Duesenberg, General Counsel, earned $1.3M in 2018, a 11% decrease compared to previous year.
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Source: SEC filing on March 21, 2019.