KAR Auction Services CEO Peter Kelly's 2021 pay jumps 249% to $8.5M
KAR Auction Services reports 2021 executive compensation
By ExecPay News
Published: April 22, 2022
KAR Auction Services reported fiscal year 2021 executive compensation information on April 22, 2022.
In 2021, six executives at KAR Auction Services received on average a compensation package of $4M, a 45% increase compared to previous year.
Average pay of disclosed executives at KAR Auction Services
Peter Kelly, Chief Executive Officer, received $8.5M in total, which increased by 249% compared to 2020. 71% of Kelly's compensation, or $6M, was in option awards. Kelly also received $238K in non-equity incentive plan, $710K in salary, $1.5M in stock awards, as well as $31K in other compensation.
For fiscal year 2021, the median employee pay was $43,003 at KAR Auction Services. Therefore, the ratio of Peter Kelly's pay to the median employee pay was 197 to one.
Jim Hallett, Chairman, received a compensation package of $4.8M, which decreased by 18% compared to previous year. 52% of the compensation package, or $2.5M, was in option awards.
John Hammer, Chief Commercial Officer for KAR and President of ADESA, earned $3.2M in 2021, a 78% increase compared to previous year.
Eric Loughmiller, Chief Financial Officer, received $2.8M in 2021, which increases by 17% compared to 2020.
Justin Davis, President of BacklotCars, earned $2.6M in 2021.
James Coyle, Executive Vice President and Chief Digital Officer, received $2M in 2021.
Related executives
Peter Kelly
KAR Auction Services
Chief Executive Officer
Jim Hallett
KAR Auction Services
Chairman
Eric Loughmiller
KAR Auction Services
Chief Financial Officer
John Hammer
KAR Auction Services
Chief Commercial Officer for KAR and President of ADESA
Justin Davis
KAR Auction Services
President of BacklotCars
James Coyle
KAR Auction Services
Executive Vice President and Chief Digital Officer
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Source: SEC filing on April 22, 2022.