Mueller Industries CEO Gregory Christopher's 2020 pay slips 10% to $7.2M
Mueller Industries reports 2020 executive compensation
By ExecPay News
Published: April 1, 2021
Mueller Industries reported fiscal year 2020 executive compensation information on April 1, 2021.
In 2020, five executives at Mueller Industries received on average a compensation package of $2.7M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Mueller Industries
Gregory L. Christopher, Chief Executive Officer, received $7.2M in total, which decreased by 10% compared to 2019. 43% of Christopher's compensation, or $3.1M, was in non-equity incentive plan. Christopher also received $300K in bonus, $1.3M in salary, $2.2M in stock awards, as well as $337K in other compensation.
For fiscal year 2020, the median employee pay was $36,810 at Mueller Industries. Therefore, the ratio of Gregory L. Christopher's pay to the median employee pay was 196 to one.
Jeffrey A. Martin, Chief Financial Officer, received a compensation package of $2.2M, which increased by 42% compared to previous year. 33% of the compensation package, or $720K, was in non-equity incentive plan.
Steffen Sigloch, Chief Manufacturing Officer, earned $1.6M in 2020, a 7% increase compared to previous year.
Christopher J. Miritello, General Counsel, received $1.4M in 2020.
Gary Westermeyer, President – Refrigeration, earned $993K in 2020, a 23% increase compared to previous year.
Mueller Industries' fiscal year ends on December 25.
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Source: SEC filing on April 1, 2021.