Lindsay CEO Timothy Hassinger's 2019 pay falls 31% to $4.3M
Lindsay reports 2019 executive compensation
By ExecPay News
Published: November 26, 2019
Lindsay reported fiscal year 2019 executive compensation information on November 26, 2019.
In 2019, four Lindsay executives received on average a compensation package of $1.7M, a 3% increase compared to previous year.
Average pay of disclosed executives at Lindsay
Timothy L. Hassinger, Chief Executive Officer, received $4.3M in total, which decreased by 31% compared to 2018. 56% of Hassinger's compensation, or $2.4M, was in stock awards. Hassinger also received $238K in non-equity incentive plan, $500K in option awards, $933K in salary, as well as $197K in other compensation.
For fiscal year 2019, the median employee pay was $56,163 at Lindsay. Therefore, the ratio of Timothy L. Hassinger's pay to the median employee pay was 76 to one.
Brian L. Ketcham, Chief Financial Officer, received a compensation package of $949K, which increased by 4% compared to previous year. 47% of the compensation package, or $444K, was in stock awards.
Randy A. Wood, President - Irrigation, earned $924K in 2019, which is about the same as previous year.
J. Scott Marion, President - Infrastructure, received $702K in 2019, which increases by 1% compared to 2018.
Lindsay's fiscal year ends on August 31.
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Source: SEC filing on November 26, 2019.