Forterra CEO Karl Watson's 2019 pay jumps 184% to $7.4M
Forterra reports 2019 executive compensation
By ExecPay News
Published: April 16, 2020
Forterra reported fiscal year 2019 executive compensation information on April 16, 2020.
In 2019, six Forterra executives received on average a compensation package of $2.7M, a 31% increase compared to previous year.
Average pay of disclosed executives at Forterra
Karl H. Watson, Jr, Chief Executive Officer, received $7.4M in total. 88% of Watson's compensation, or $6.5M, was in stock awards. Watson also received $438K in non-equity incentive plan, $438K in salary, as well as $46K in other compensation.
For fiscal year 2019, the median employee pay was $54,637 at Forterra. Therefore, the ratio of Karl H. Watson, Jr's pay to the median employee pay was 135 to one.
Jeff Bradley, Chief Executive Officer, received a compensation package of $2.9M, which decreased by 29% compared to previous year. 47% of the compensation package, or $1.4M, was in stock awards.
Charlie Brown, Chief Financial Officer, earned $2M in 2019, a 6% increase compared to previous year.
Richard Hunter, President, Drainage Pipe & Products, received $1.7M in 2019.
Lori Browne, General Counsel, earned $1.3M in 2019, a 6% increase compared to previous year.
Vikrant Bhatia, President, Water Pipe & Products, received $1.2M in 2019, which increases by 1% compared to 2018.
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Source: SEC filing on April 16, 2020.