Marine Products CEO Richard Hubbell's 2021 pay slips 2% to $1.3M
Marine Products reports 2021 executive compensation
By ExecPay News
Published: March 15, 2022
Marine Products reported fiscal year 2021 executive compensation information on March 15, 2022.
In 2021, two executives at Marine Products received on average a compensation package of $1.1M, a 30% increase compared to previous year.
Average pay of disclosed executives at Marine Products
Richard A. Hubbell, Chief Executive Officer, received $1.3M in total, which increased by 13% compared to 2020. 44% of Hubbell's compensation, or $550K, was in salary. Hubbell also received $420K in bonus, $269K in stock awards, as well as $16K in other compensation.
For fiscal year 2021, the median employee pay was $32,070 at Marine Products. Therefore, the ratio of Richard A. Hubbell's pay to the median employee pay was 39 to one.
Ben M. Palmer, Chief Financial Officer, received a compensation package of $905K, which increased by 11% compared to previous year. 44% of the compensation package, or $400K, was in salary.
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Source: SEC filing on March 15, 2022.