Lordstown Motors Corp. CEO Edward Hightower receives $3.7M in 2022
Lordstown Motors Corp. reports 2022 executive compensation
By ExecPay News
Published: April 11, 2023
Lordstown Motors Corp. reported fiscal year 2022 executive compensation information on April 11, 2023.
In 2022, four executives at Lordstown Motors Corp. received on average a compensation package of $2.6M, a 5% decrease compared to previous year.
Average pay of disclosed executives at Lordstown Motors Corp.
Edward T. Hightower, Chief Executive Officer, received $3.7M in total. 56% of Hightower's compensation, or $2.1M, was in stock awards. Hightower also received $50K in bonus, $553K in non-equity incentive plan, $396K in option awards, $646K in salary, as well as $840 in other compensation.
Melissa A. Leonard, General Counsel, received a compensation package of $2.9M. 60% of the compensation package, or $1.7M, was in stock awards.
Daniel A. Ninivaggi, Chairman, earned $2.2M in 2022, a 61% decrease compared to previous year.
Adam Kroll, Chief Financial Officer, received $1.8M in 2022, which increases by 2% compared to 2021.
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Source: SEC filing on April 11, 2023.