Mohawk Industries CEO Jeffrey Lorberbaum's 2018 pay slips 8% to $4.6M
Mohawk Industries reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Mohawk Industries reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, five executives at Mohawk Industries received on average a compensation package of $3.2M, a 1% increase compared to previous year.
Average pay of disclosed executives at Mohawk Industries
Jeffrey S. Lorberbaum, Chief Executive Officer, received $4.6M in total, which decreased by 8% compared to 2017. 60% of Lorberbaum's compensation, or $2.8M, was in stock awards. Lorberbaum also received $651K in non-equity incentive plan, $1.2M in salary, as well as $17K in other compensation.
For fiscal year 2018, the median employee pay was $41,747 at Mohawk Industries. Therefore, the ratio of Jeffrey S. Lorberbaum's pay to the median employee pay was 111 to one.
W. Christopher Wellborn, Chief Operating Officer, received a compensation package of $4M, which decreased by 4% compared to previous year. 60% of the compensation package, or $2.4M, was in stock awards.
Paul F. De Cock, President — Flooring NA, earned $2.8M in 2018.
Bernard P. Thiers, President — Flooring ROW, received $2.5M in 2018, which increases by 12% compared to 2017.
Frank H. Boykin, Chief Financial Officer, earned $2.1M in 2018, a 6% decrease compared to previous year.
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Source: SEC filing on April 5, 2019.