Flexsteel Industries CEO Jerald Dittmer's 2021 pay jumps 74% to $2.8M
Flexsteel Industries reports 2021 executive compensation
By ExecPay News
Published: October 26, 2021
Flexsteel Industries reported fiscal year 2021 executive compensation information on October 26, 2021.
In 2021, three executives at Flexsteel Industries received on average a compensation package of $1.6M, a 30% increase compared to previous year.
Average pay of disclosed executives at Flexsteel Industries
Jerald K. Dittmer, Chief Executive Officer, received $2.8M in total, which increased by 74% compared to 2020. 41% of Dittmer's compensation, or $1.1M, was in non-equity incentive plan. Dittmer also received $60K in option awards, $656K in salary, $875K in stock awards, as well as $40K in other compensation.
Derek P. Schmidt, Chief Financial Officer, received a compensation package of $1.3M, which increased by 48% compared to previous year. 34% of the compensation package, or $456K, was in non-equity incentive plan.
Timothy P. Newlin, Vice President Product Management, earned $758K in 2021, a 28% decrease compared to previous year.
Flexsteel Industries' fiscal year ends on June 30.
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Source: SEC filing on October 26, 2021.