Potlatch CEO Michael Covey's 2019 pay slips 6% to $4.6M
Potlatch reports 2019 executive compensation
By ExecPay News
Published: March 31, 2020
Potlatch reported fiscal year 2019 executive compensation information on March 31, 2020.
In 2019, six Potlatch executives received on average a compensation package of $1.9M, a 2% increase compared to previous year.
Average pay of disclosed executives at Potlatch
Michael J. Covey, Chief Executive Officer, received $4.6M in total, which decreased by 6% compared to 2018. 47% of Covey's compensation, or $2.2M, was in stock awards. Covey also received $1.5M of change in pension value and nonqualified deferred compensation earnings, $891K in salary, as well as $101K in other compensation.
Eric J. Cremers, Chief Operating Officer, received a compensation package of $3.1M, which increased by 36% compared to previous year. 58% of the compensation package, or $1.8M, was in stock awards.
Lorrie D. Scott, General Counsel, earned $1M in 2019, a 11% increase compared to previous year.
Thomas J. Temple, Vice President, Wood Products, received $1M in 2019, which decreases by 11% compared to 2018.
Jerald W. Richards, Chief Financial Officer, earned $935K in 2019, a 22% decrease compared to previous year.
Darin R. Ball, Vice President, Timberlands, received $917K in 2019, which decreases by 3% compared to 2018.
Related executives
Michael Covey
Potlatch
Chief Executive Officer
Jerald Richards
Potlatch
Chief Financial Officer
Eric Cremers
Potlatch
Chief Executive Officer
Thomas Temple
Potlatch
Former Vice President, Wood Products and Former Vice President
Darin Ball
Potlatch
Vice President, Timberlands
Lorrie Scott
Potlatch
General Counsel
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Source: SEC filing on March 31, 2020.