Torchmark CEO Gary Coleman's 2019 pay rises 7% to $8.3M
Torchmark reports 2019 executive compensation
By ExecPay News
Published: March 18, 2020
Torchmark reported fiscal year 2019 executive compensation information on March 18, 2020.
In 2019, six Torchmark executives received on average a compensation package of $4.9M, a 12% increase compared to previous year.
Average pay of disclosed executives at Torchmark
Gary L. Coleman, Chief Executive Officer, received $8.3M in total, which increased by 7% compared to 2018. 35% of Coleman's compensation, or $2.9M, was in stock awards. Coleman also received $718K of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $2.1M in option awards, $942K in salary, as well as $72K in other compensation.
For fiscal year 2019, the median employee pay was $98,507 at Torchmark. Therefore, the ratio of Gary L. Coleman's pay to the median employee pay was 85 to one.
Larry M. Hutchison, Chief Executive Officer, received a compensation package of $8.3M, which increased by 7% compared to previous year. 35% of the compensation package, or $2.9M, was in stock awards.
Frank M. Svoboda, Chief Financial Officer, earned $4.2M in 2019, a 31% increase compared to previous year.
W. Michael Pressley, Chief Investment Officer, received $3.4M in 2019, which increases by 21% compared to 2018.
J. Matthew Darden, Executive Vice President Chief Strategy Officer, earned $2.6M in 2019, a 15% increase compared to previous year.
Steven K. Greer, Chief Executive Officer, received $2.3M in 2019, which increases by 8% compared to 2018.
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Source: SEC filing on March 18, 2020.