Michaels Companies CEO Carl Rubin's 2018 pay jumps 38% to $10M
Michaels Companies reports 2018 executive compensation
By ExecPay News
Published: April 30, 2019
Michaels Companies reported fiscal year 2018 executive compensation information on April 30, 2019.
In 2018, four executives at Michaels Companies received on average a compensation package of $4.4M, a 52% increase compared to previous year.
Average pay of disclosed executives at Michaels Companies
Carl S. Rubin, Chief Executive Officer, received $10M in total, which increased by 38% compared to 2017. 52% of Rubin's compensation, or $5.4M, was in stock awards. Rubin also received $471K in non-equity incentive plan, $3M in option awards, $1.2M in salary, as well as $343K in other compensation.
Denise A. Paulonis, Chief Financial Officer, received a compensation package of $3.3M, which increased by 151% compared to previous year. 67% of the compensation package, or $2.2M, was in stock awards.
J. Robert Koch, Executive Vice President Stores and Development, earned $2M in 2018.
Stephen J. Carlotti, Executive Vice President Marketing, received $1.8M in 2018, which increases by 29% compared to 2017.
Michaels Companies' fiscal year ends on February 1.
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Source: SEC filing on April 30, 2019.