Mccormick & Co CEO Lawrence Kurzius' 2019 pay slips 14% to $13M
Mccormick & Co reports 2019 executive compensation
By ExecPay News
Published: February 14, 2020
Mccormick & Co reported fiscal year 2019 executive compensation information on February 14, 2020.
In 2019, five executives at Mccormick & Co received on average a compensation package of $5.4M, a 14% decrease compared to previous year.
Average pay of disclosed executives at Mccormick & Co
Lawrence E. Kurzius, Chief Executive Officer, received $13M in total, which decreased by 14% compared to 2018. 36% of Kurzius' compensation, or $4.6M, was in non-equity incentive plan. Kurzius also received $602K of change in pension value and nonqualified deferred compensation earnings, $1.5M in option awards, $1.3M in salary, $4.5M in stock awards, as well as $344K in other compensation.
For fiscal year 2019, the median employee pay was $31,603 at Mccormick & Co. Therefore, the ratio of Lawrence E. Kurzius' pay to the median employee pay was 404 to one.
Michael R. Smith, Chief Financial Officer, received a compensation package of $4.6M, which decreased by 10% compared to previous year. 25% of the compensation package, or $1.2M, was of change in pension value and nonqualified deferred compensation earnings.
Brendan M. Foley, President, Global Consumer, Americas and Asia, earned $3.9M in 2019, a 33% decrease compared to previous year.
Malcolm Swift, Chief Administrative Officer, received $3.2M in 2019, which increases by 29% compared to 2018.
Jeffery D. Schwartz, General Counsel, earned $2.3M in 2019, a 16% decrease compared to previous year.
Mccormick & Co's fiscal year ends on November 30.
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Source: SEC filing on February 14, 2020.