Olympic Steel CEO Richard Marabito's 2019 pay jumps 38% to $2.1M
Olympic Steel reports 2019 executive compensation
By ExecPay News
Published: March 27, 2020
Olympic Steel reported fiscal year 2019 executive compensation information on March 27, 2020.
In 2019, six executives at Olympic Steel received on average a compensation package of $1.2M, a 26% decrease compared to previous year.
Average pay of disclosed executives at Olympic Steel
Richard T. Marabito, Chief Executive Officer, received $2.1M in total, which increased by 38% compared to 2018. 37% of Marabito's compensation, or $752K, was in stock awards. Marabito also received $368K in non-equity incentive plan, $735K in salary, as well as $201K in other compensation.
For fiscal year 2019, the median employee pay was $67,884 at Olympic Steel. Therefore, the ratio of Richard T. Marabito's pay to the median employee pay was 30 to one.
Donald R. McNeeley, President, CTI, received a compensation package of $1.3M, which decreased by 26% compared to previous year. 51% of the compensation package, or $675K, was in salary.
David A. Wolfort, President, earned $1.3M in 2019, a 34% decrease compared to previous year.
Richard A. Manson, Chief Financial Officer, received $993K in 2019, which increases by 29% compared to 2018.
Andrew S. Greiff, Chief Operating Officer, earned $958K in 2019, a 32% decrease compared to previous year.
Michael D. Siegal, Chairman, received $410K in 2019, which decreases by 80% compared to 2018.
Related executives
You may also like
Source: SEC filing on March 27, 2020.