Lowe's Companies CEO Marvin Ellison's 2021 pay falls 23% to $18M
Lowe's Companies reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Lowe's Companies reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, five executives at Lowe's Companies received on average a compensation package of $8.3M, a 19% decrease compared to previous year.
Average pay of disclosed executives at Lowe's Companies
Marvin R. Ellison, Chief Executive Officer, received $18M in total, which decreased by 23% compared to 2020. 46% of Ellison's compensation, or $8.2M, was in stock awards. Ellison also received $5.5M in non-equity incentive plan, $2.6M in option awards, $1.5M in salary, as well as $75K in other compensation.
For fiscal year 2021, the median employee pay was $22,697 at Lowe's Companies. Therefore, the ratio of Marvin R. Ellison's pay to the median employee pay was 787 to one.
David M. Denton, Chief Financial Officer, received a compensation package of $7.8M, which decreased by 28% compared to previous year. 44% of the compensation package, or $3.4M, was in stock awards.
Joseph M. McFarland III, Executive Vice President, Stores, earned $5.7M in 2021, a 27% decrease compared to previous year.
William P. Boltz, Executive Vice President, Merchandising, received $5.6M in 2021, which decreases by 26% compared to 2020.
Seemantini Godbole, Executive Vice President, Chief Information Officer, earned $4.7M in 2021, a 17% decrease compared to previous year.
Lowe's Companies' fiscal year ends on February 3.
Related executives
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
Seemantini Godbole
Lowe's Companies
Executive Vice President, Chief Information Officer
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Source: SEC filing on April 14, 2022.