Matrix Service Company CEO John Hewitt's 2024 pay jumps 71% to $4.1M
Matrix Service Company reports 2024 executive compensation
By ExecPay News
Published: September 25, 2024
Matrix Service Company reported fiscal year 2024 executive compensation information on September 25, 2024.
In 2024, five executives at Matrix Service Company received on average a compensation package of $1.9M, a 71% increase compared to previous year.
Average pay of disclosed executives at Matrix Service Company
John R. Hewitt, Chief Executive Officer, received $4.1M in total, which increased by 71% compared to 2023. 80% of Hewitt's compensation, or $3.3M, was in stock awards. Hewitt also received $800K in salary and $33K in other compensation.
For fiscal year 2024, the median employee pay was $105,413 at Matrix Service Company. Therefore, the ratio of John R. Hewitt's pay to the median employee pay was 39 to one.
Alan R. Updyke, Chief Operating Officer, received a compensation package of $1.6M, which increased by 53% compared to previous year. 68% of the compensation package, or $1.1M, was in stock awards.
Kevin S. Cavanah, Chief Financial Officer, earned $1.5M in 2024, a 53% increase compared to previous year.
Shawn P. Payne, President, Matrix Service Inc, received $1.1M in 2024, which increases by 57% compared to 2023.
Glyn A. Rodgers, President, Matrix PDM Engineering, earned $1M in 2024, a 49% increase compared to previous year.
Matrix Service Company's fiscal year ends on June 30.
Related executives
John Hewitt
Matrix Service Company
Chief Executive Officer
Alan Updyke
Matrix Service Company
Chief Operating Officer
Kevin Cavanah
Matrix Service Company
Chief Financial Officer
Shawn Payne
Matrix Service Company
President, Matrix Service Inc
Glyn Rodgers
Matrix Service Company
President, Matrix PDM Engineering
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Source: SEC filing on September 25, 2024.