FreightCar America CEO James Meyer's 2023 pay rises 3% to $2.1M
FreightCar America reports 2023 executive compensation
By ExecPay News
Published: April 4, 2024
FreightCar America reported fiscal year 2023 executive compensation information on April 4, 2024.
In 2023, three executives at FreightCar America received on average a compensation package of $1.2M, a 8% increase compared to previous year.
Average pay of disclosed executives at FreightCar America
James R. Meyer, Chief Executive Officer, received $2.1M in total, which increased by 3% compared to 2022. 30% of Meyer's compensation, or $625K, was in salary. Meyer also received $622K in non-equity incentive plan, $422K in option awards, $424K in stock awards, as well as $21K in other compensation.
W. Matthew Tonn, Chief Commercial Officer, received a compensation package of $827K, which increased by 3% compared to previous year. 45% of the compensation package, or $375K, was in salary.
Michael A. Riordan, Chief Financial Officer, earned $759K in 2023, a 24% decrease compared to previous year.
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Source: SEC filing on April 4, 2024.