Potlatch CEO Michael Covey's 2020 pay jumps 47% to $6.8M
Potlatch reports 2020 executive compensation
By ExecPay News
Published: March 30, 2021
Potlatch reported fiscal year 2020 executive compensation information on March 30, 2021.
In 2020, six Potlatch executives received on average a compensation package of $2.5M, a 28% increase compared to previous year.
Average pay of disclosed executives at Potlatch
Michael J. Covey, Chief Executive Officer, received $6.8M in total, which increased by 47% compared to 2019. 41% of Covey's compensation, or $2.8M, was in non-equity incentive plan. Covey also received $822K of change in pension value and nonqualified deferred compensation earnings, $925K in salary, $2.2M in stock awards, as well as $53K in other compensation.
Eric J. Cremers, Chief Executive Officer, received a compensation package of $3M, which decreased by 4% compared to previous year. 29% of the compensation package, or $864K, was in non-equity incentive plan.
Thomas J. Temple, Vice President, Wood Products, earned $1.4M in 2020, a 39% increase compared to previous year.
Jerald W. Richards, Chief Financial Officer, received $1.4M in 2020, which increases by 45% compared to 2019.
Michele L. Tyler, General Counsel, earned $1.2M in 2020.
Darin R. Ball, Vice President, Timberlands, received $1.1M in 2020, which increases by 24% compared to 2019.
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
Michele Tyler
Potlatch
General Counsel
Darin Ball
Potlatch
Vice President, Timberlands
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Source: SEC filing on March 30, 2021.