Mayville Engineering Company CEO Jag Reddy's 2023 pay jumps 133% to $3M
Mayville Engineering Company reports 2023 executive compensation
By ExecPay News
Published: March 6, 2024
Mayville Engineering Company reported fiscal year 2023 executive compensation information on March 6, 2024.
In 2023, four executives at Mayville Engineering Company received on average a compensation package of $2.1M, a 38% increase compared to previous year.
Average pay of disclosed executives at Mayville Engineering Company
Jag A. Reddy, Chief Executive Officer, received $3M in total, which increased by 133% compared to 2022. 28% of Reddy's compensation, or $825K, was in option awards. Reddy also received $568K in non-equity incentive plan, $695K in salary, $825K in stock awards, as well as $43K in other compensation.
Randall P. Stille, Chief Operating Officer, received a compensation package of $2M. 44% of the compensation package, or $870K, was in other compensation.
Ryan F. Raber, Executive Vice President Strategy, Sales & Marketing, earned $1.7M in 2023, a 1% increase compared to previous year.
Todd M. Butz, Chief Financial Officer, received $1.7M in 2023, which increases by 1% compared to 2022.
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Source: SEC filing on March 6, 2024.