La-Z-Boy CEO Kurt Darrow's 2018 pay slips 11% to $4.4M
La-Z-Boy reports 2018 executive compensation
By ExecPay News
Published: July 13, 2018
La-Z-Boy reported fiscal year 2018 executive compensation information on July 13, 2018.
In 2018, five La-Z-Boy executives received on average a compensation package of $1.9M, a 10% decrease compared to previous year.
Average pay of disclosed executives at La-Z-Boy
Kurt L. Darrow, Chief Executive Officer, received $4.4M in total, which decreased by 11% compared to 2017. 29% of Darrow's compensation, or $1.3M, was in stock awards. Darrow also received $478K in non-equity incentive plan, $1.2M in option awards, $990K in salary, as well as $444K in other compensation.
Louis M. Riccio Jr, Chief Financial Officer, received a compensation package of $1.3M, which decreased by 12% compared to previous year. 35% of the compensation package, or $473K, was in salary.
J. Douglas Collier, Senior Vice President, Chief Commercial Officer President, International, earned $1.3M in 2018, a 4% increase compared to previous year.
Darrell D. Edwards, Senior Vice President Chief Supply Chain Officer, received $1.3M in 2018, which increases by 6% compared to 2017.
Otis S. Sawyer, Senior Vice President President of La-Z-Boy Portfolio Brands, earned $1.2M in 2018.
La-Z-Boy's fiscal year ends on April 30.
Related executives
Kurt Darrow
La-Z-Boy
Chief Executive Officer
Louis Riccio
La-Z-Boy
Chief Financial Officer
J Collier
La-Z-Boy
Former Senior Vice President, Chief Commercial Officer President, International
Darrell Edwards
La-Z-Boy
Chief Operating Officer
Otis Sawyer
La-Z-Boy
Senior Vice President and President of La-Z-Boy Portfolio Brands
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Source: SEC filing on July 13, 2018.