FranklinCovey CEO Robert Whitman's 2021 pay jumps 30% to $3M
FranklinCovey reports 2021 executive compensation
By ExecPay News
Published: December 15, 2021
FranklinCovey reported fiscal year 2021 executive compensation information on December 15, 2021.
In 2021, five executives at FranklinCovey received on average a compensation package of $1.5M, a 41% increase compared to previous year.
Average pay of disclosed executives at FranklinCovey
Robert A. Whitman, Chief Executive Officer, received $3M in total, which increased by 30% compared to 2020. 39% of Whitman's compensation, or $1.2M, was in non-equity incentive plan. Whitman also received $575K in salary, $1.2M in stock awards, as well as $79K in other compensation.
For fiscal year 2021, the median employee pay was $90,000 at FranklinCovey. Therefore, the ratio of Robert A. Whitman's pay to the median employee pay was 33 to one.
Paul S. Walker, Chief Operating Officer, received a compensation package of $1.4M, which increased by 31% compared to previous year. 40% of the compensation package, or $570K, was in non-equity incentive plan.
Stephen D. Young, Chief Financial Officer, earned $1.2M in 2021, a 29% increase compared to previous year.
M. Sean Covey, President Education Division, received $1M in 2021, which increases by 32% compared to 2020.
Colleen Dom, Executive Vice President of Operations, earned $913K in 2021, a 34% increase compared to previous year.
FranklinCovey's fiscal year ends on August 31.
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Source: SEC filing on December 15, 2021.