Lindsay CEO Randy Wood's 2022 pay jumps 62% to $3.6M
Lindsay reports 2022 executive compensation
By ExecPay News
Published: November 22, 2022
Lindsay reported fiscal year 2022 executive compensation information on November 22, 2022.
In 2022, four Lindsay executives received on average a compensation package of $1.7M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Lindsay
Randy A. Wood, Chief Executive Officer, received $3.6M in total, which increased by 62% compared to 2021. 37% of Wood's compensation, or $1.3M, was in stock awards. Wood also received $1.1M in non-equity incentive plan, $437K in option awards, $719K in salary, as well as $9.4K in other compensation.
For fiscal year 2022, the median employee pay was $55,195 at Lindsay. Therefore, the ratio of Randy A. Wood's pay to the median employee pay was 65 to one.
Brian L. Ketcham, Chief Financial Officer, received a compensation package of $1.2M, which increased by 22% compared to previous year. 33% of the compensation package, or $405K, was in salary.
Gustavo E. Oberto, President - Irrigation, earned $927K in 2022, a 10% increase compared to previous year.
J. Scott Marion, President - Infrastructure, received $868K in 2022, which increases by 20% compared to 2021.
Lindsay's fiscal year ends on August 31.
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Source: SEC filing on November 22, 2022.