Masonite International CEO Howard Heckes' 2021 pay slips 18% to $4.9M
Masonite International reports 2021 executive compensation
By ExecPay News
Published: March 25, 2022
Masonite International reported fiscal year 2021 executive compensation information on March 25, 2022.
In 2021, five executives at Masonite International received on average a compensation package of $2M, a 22% decrease compared to previous year.
Average pay of disclosed executives at Masonite International
Howard C. Heckes, Chief Executive Officer, received $4.9M in total, which decreased by 18% compared to 2020. 60% of Heckes' compensation, or $2.9M, was in stock awards. Heckes also received $240K in bonus, $496K in non-equity incentive plan, $325K in option awards, $890K in salary, as well as $18K in other compensation.
For fiscal year 2021, the median employee pay was $44,784 at Masonite International. Therefore, the ratio of Howard C. Heckes' pay to the median employee pay was 109 to one.
Russell T. Tiejema, Chief Financial Officer, received a compensation package of $1.6M, which decreased by 25% compared to previous year. 44% of the compensation package, or $709K, was in stock awards.
Randal A. White, Senior Vice President, Global Operations and Supply Chain, earned $1.1M in 2021, a 23% decrease compared to previous year.
Robert E. Lewis, General Counsel, received $1.1M in 2021, which decreases by 28% compared to 2020.
Robert A. Paxton, Senior Vice President, Human Resources, earned $1.1M in 2021, a 22% decrease compared to previous year.
Masonite International's fiscal year ends on January 2.
Related executives
Howard Heckes
Masonite International
Chief Executive Officer
Russell Tiejema
Masonite International
Chief Financial Officer
Randal White
Masonite International
Senior Vice President, Global Operations and Supply Chain
Robert Lewis
Masonite International
General Counsel
Robert Paxton
Masonite International
Senior Vice President, Human Resources
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Source: SEC filing on March 25, 2022.