Gevo CEO Patrick Gruber's 2021 pay jumps 601% to $11M
Gevo reports 2021 executive compensation
By ExecPay News
Published: April 20, 2022
Gevo reported fiscal year 2021 executive compensation information on April 20, 2022.
In 2021, five Gevo executives received on average a compensation package of $6M, a 529% increase compared to previous year.
Average pay of disclosed executives at Gevo
Patrick R. Gruber, Chief Executive Officer, received $11M in total, which increased by 601% compared to 2020. 47% of Gruber's compensation, or $5.2M, was in stock awards. Gruber also received $450K in bonus, $4.8M in option awards, $500K in salary, as well as $61K in other compensation.
For fiscal year 2021, the median employee pay was $146,870 at Gevo. Therefore, the ratio of Patrick R. Gruber's pay to the median employee pay was 75 to one.
Christopher M. Ryan, Chief Operating Officer, received a compensation package of $5.7M, which increased by 636% compared to previous year. 46% of the compensation package, or $2.6M, was in stock awards.
Paul D. Bloom, Chief Carbon Officer and Chief Innovation Officer, earned $4.6M in 2021.
Timothy J. Cesarek, Chief Commercial Officer, received $4.3M in 2021, which increases by 461% compared to 2020.
L. Lynn Smull, Chief Financial Officer, earned $4.3M in 2021, a 525% increase compared to previous year.
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Source: SEC filing on April 20, 2022.