Patrick Industries CEO Todd Cleveland's 2018 pay falls 42% to $6.9M
Patrick Industries reports 2018 executive compensation
By ExecPay News
Published: April 15, 2019
Patrick Industries reported fiscal year 2018 executive compensation information on April 15, 2019.
In 2018, five executives at Patrick Industries received on average a compensation package of $2.9M, a 38% decrease compared to previous year.
Average pay of disclosed executives at Patrick Industries
Todd M. Cleveland, Chief Executive Officer, received $6.9M in total, which decreased by 42% compared to 2017. 61% of Cleveland's compensation, or $4.2M, was in stock awards. Cleveland also received $2M in non-equity incentive plan, $690K in salary, as well as $15K in other compensation.
For fiscal year 2018, the median employee pay was $36,255 at Patrick Industries. Therefore, the ratio of Todd M. Cleveland's pay to the median employee pay was 189 to one.
Andy L. Nemeth, President, received a compensation package of $2.8M, which decreased by 43% compared to previous year. 50% of the compensation package, or $1.4M, was in stock awards.
Kip B. Ellis, Chief Operating Officer, earned $1.9M in 2018, a 3% decrease compared to previous year.
Jeffrey M. Rodino, Chief Sales Officer and Executive Vice President of Sales, received $1.8M in 2018, which decreases by 43% compared to 2017.
Joshua A. Boone, Chief Financial Officer, earned $1.3M in 2018, a 20% decrease compared to previous year.
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Source: SEC filing on April 15, 2019.