Lancaster Colony CEO David Ciesinski's 2022 pay slips 14% to $3.7M
Lancaster Colony reports 2022 executive compensation
By ExecPay News
Published: October 11, 2022
Lancaster Colony reported fiscal year 2022 executive compensation information on October 11, 2022.
In 2022, five executives at Lancaster Colony received on average a compensation package of $1.6M, a 14% decrease compared to previous year.
Average pay of disclosed executives at Lancaster Colony
David A. Ciesinski, Chief Executive Officer, received $3.7M in total, which decreased by 14% compared to 2021. 61% of Ciesinski's compensation, or $2.3M, was in stock awards. Ciesinski also received $519K in non-equity incentive plan, $845K in salary, as well as $80K in other compensation.
For fiscal year 2022, the median employee pay was $49,121 at Lancaster Colony. Therefore, the ratio of David A. Ciesinski's pay to the median employee pay was 76 to one.
Thomas K. Pigott, Chief Financial Officer, received a compensation package of $1.4M, which decreased by 7% compared to previous year. 42% of the compensation package, or $600K, was in stock awards.
Carl R. Stealey, President, Retail Division, T. Marzetti Company, earned $1.1M in 2022, a 11% decrease compared to previous year.
Kristin J. Bird, President, Foodservice Division, T. Marzetti Company, received $993K in 2022, which decreases by 17% compared to 2021.
David S. Nagle, Chief Supply Chain Officer, T. Marzetti Company, earned $902K in 2022, a 21% decrease compared to previous year.
Lancaster Colony's fiscal year ends on June 30.
Related executives
David Ciesinski
Lancaster Colony
Chief Executive Officer
Thomas Pigott
Lancaster Colony
Chief Financial Officer
Kristin Bird
Lancaster Colony
President, Foodservice Division, T. Marzetti Company
Carl Stealey
Lancaster Colony
President, Retail Division, T. Marzetti Company
David Nagle
Lancaster Colony
Chief Supply Chain Officer, T. Marzetti Company
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Source: SEC filing on October 11, 2022.