Mueller Industries CEO Gregory Christopher's 2021 pay jumps 50% to $11M
Mueller Industries reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
Mueller Industries reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, four executives at Mueller Industries received on average a compensation package of $4.6M, a 70% increase compared to previous year.
Average pay of disclosed executives at Mueller Industries
Gregory L. Christopher, Chief Executive Officer, received $11M in total, which increased by 50% compared to 2020. 40% of Christopher's compensation, or $4.3M, was in non-equity incentive plan. Christopher also received $1.5M in bonus, $1.4M in salary, $3.3M in stock awards, as well as $453K in other compensation.
For fiscal year 2021, the median employee pay was $39,390 at Mueller Industries. Therefore, the ratio of Gregory L. Christopher's pay to the median employee pay was 275 to one.
Jeffrey A. Martin, Chief Financial Officer, received a compensation package of $3M, which increased by 37% compared to previous year. 33% of the compensation package, or $999K, was in stock awards.
Steffen Sigloch, Chief Manufacturing Officer, earned $2.7M in 2021, a 63% increase compared to previous year.
Christopher J. Miritello, General Counsel, received $1.8M in 2021, which increases by 31% compared to 2020.
Mueller Industries' fiscal year ends on December 25.
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Source: SEC filing on March 31, 2022.