Nucor CEO Leon Topalian's 2020 pay jumps 105% to $11M
Nucor reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Nucor reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, six Nucor executives received on average a compensation package of $8M, a 5% increase compared to previous year.
Average pay of disclosed executives at Nucor
Leon J. Topalian, Chief Executive Officer, received $11M in total, which increased by 105% compared to 2019. 32% of Topalian's compensation, or $3.6M, was in stock awards. Topalian also received $1.4M in non-equity incentive plan, $1.8M in option awards, $1M in salary, as well as $3.5M in other compensation.
For fiscal year 2020, the median employee pay was $94,131 at Nucor. Therefore, the ratio of Leon J. Topalian's pay to the median employee pay was 120 to one.
James D. Frias, Chief Financial Officer, received a compensation package of $8.3M, which increased by 34% compared to previous year. 52% of the compensation package, or $4.3M, was in other compensation.
Ladd R. Hall, Former Executive Vice President, earned $7.4M in 2020, a 27% increase compared to previous year.
Raymond S. Napolitan, Jr, Executive Vice President, received $7.2M in 2020, which increases by 29% compared to 2019.
D. Chad Utermark, Executive Vice President, earned $6.9M in 2020, a 25% increase compared to previous year.
David A. Sumoski, Executive Vice President, received $6.7M in 2020, which increases by 22% compared to 2019.
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Source: SEC filing on March 26, 2021.