MSC CEO Erik Gershwind's 2021 pay rises 19% to $5.2M
MSC reports 2021 executive compensation
By ExecPay News
Published: December 15, 2022
MSC reported fiscal year 2021 executive compensation information on December 15, 2022.
In 2021, six MSC executives received on average a compensation package of $1.9M, a 24% increase compared to previous year.
Average pay of disclosed executives at MSC
Erik Gershwind, Chief Executive Officer, received $5.2M in total, which increased by 19% compared to 2020. 63% of Gershwind's compensation, or $3.2M, was in stock awards. Gershwind also received $500 in bonus, $1.1M in non-equity incentive plan, $771K in salary, as well as $24K in other compensation.
Kristen Actis-Grande, Chief Financial Officer, received a compensation package of $1.6M. 47% of the compensation package, or $750K, was in stock awards.
Douglas E. Jones, Executive Vice President and Chief Supply Chain Officer, earned $1.2M in 2021.
Douglas Jones, Executive Vice President and Chief Supply Chain Officer, received $1.2M in 2021, which increases by 3% compared to 2020.
Steve Armstrong, General Counsel, earned $1.1M in 2021, a 13% increase compared to previous year.
Kari Heerdt, Senior Vice President, New Business Innovation and Transformation, received $939K in 2021.
MSC's fiscal year ends on September 3.
Related executives
Douglas Jones
MSC
Executive Vice President and Chief Supply Chain Officer
Erik Gershwind
MSC
Chief Executive Officer
Kristen Actis-Grande
MSC
Chief Financial Officer
Douglas Jones
MSC
Executive Vice President and Chief Supply Chain Officer
Steve Armstrong
MSC
General Counsel
Kari Heerdt
MSC
Senior Vice President, New Business Innovation and Transformation
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Source: SEC filing on December 15, 2022.