Ferro CEO Peter Thomas' 2019 pay rises 3% to $5M
Ferro reports 2019 executive compensation
By ExecPay News
Published: March 27, 2020
Ferro reported fiscal year 2019 executive compensation information on March 27, 2020.
In 2019, three Ferro executives received on average a compensation package of $2.5M, a 2% increase compared to previous year.
Average pay of disclosed executives at Ferro
Peter T. Thomas, Chief Executive Officer, received $5M in total, which increased by 3% compared to 2018. 49% of Thomas' compensation, or $2.4M, was in stock awards. Thomas also received $39K of change in pension value and nonqualified deferred compensation earnings, $362K in non-equity incentive plan, $959K in option awards, $969K in salary, as well as $234K in other compensation.
For fiscal year 2019, the median employee pay was $39,376 at Ferro. Therefore, the ratio of Peter T. Thomas' pay to the median employee pay was 127 to one.
Benjamin Schlater, Chief Financial Officer, received a compensation package of $1.3M, which increased by 4% compared to previous year. 39% of the compensation package, or $519K, was in stock awards.
Mark H. Duesenberg, General Counsel, earned $1.2M in 2019, a 2% decrease compared to previous year.
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Source: SEC filing on March 27, 2020.