Lowe's Companies CEO Marvin Ellison's 2020 pay jumps 99% to $23M
Lowe's Companies reports 2020 executive compensation
By ExecPay News
Published: April 14, 2022
Lowe's Companies reported fiscal year 2020 executive compensation information on April 14, 2022.
In 2020, six executives at Lowe's Companies received on average a compensation package of $10M, a 72% increase compared to previous year.
Average pay of disclosed executives at Lowe's Companies
Marvin R. Ellison, Chief Executive Officer, received $23M in total, which increased by 99% compared to 2019. 59% of Ellison's compensation, or $14M, was in stock awards. Ellison also received $5.8M in non-equity incentive plan, $2.2M in option awards, $1.5M in salary, as well as $60K in other compensation.
For fiscal year 2020, the median employee pay was $24,554 at Lowe's Companies. Therefore, the ratio of Marvin R. Ellison's pay to the median employee pay was 940 to one.
David M. Denton, Chief Financial Officer, received a compensation package of $11M, which increased by 87% compared to previous year. 60% of the compensation package, or $6.4M, was in stock awards.
Joseph M. McFarland III, Executive Vice President, Stores, earned $7.8M in 2020, a 80% increase compared to previous year.
William P. Boltz, Executive Vice President, Merchandising, received $7.6M in 2020, which increases by 87% compared to 2019.
Marisa F. Thalberg, Executive Vice President, Chief Brand & Marketing Officer, earned $6.6M in 2020.
Seemantini Godbole, Executive Vice President, Chief Information Officer, received $5.7M in 2020, which increases by 42% compared to 2019.
Lowe's Companies' fiscal year ends on February 3.
Related executives
Seemantini Godbole
Lowe's Companies
Executive Vice President, Chief Information Officer
Marvin Ellison
Lowe's Companies
Chief Executive Officer
David Denton
Lowe's Companies
Chief Financial Officer
Joseph McFarland
Lowe's Companies
Executive Vice President, Stores
William Boltz
Lowe's Companies
Executive Vice President, Merchandising
Marisa Thalberg
Lowe's Companies
Executive Vice President, Chief Brand & Marketing Officer
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Source: SEC filing on April 14, 2022.