Schnitzer Steel CEO Tamara Lundgren's 2020 pay rises 16% to $6.9M
Schnitzer Steel reports 2020 executive compensation
By ExecPay News
Published: December 16, 2020
Schnitzer Steel reported fiscal year 2020 executive compensation information on December 16, 2020.
In 2020, five executives at Schnitzer Steel received on average a compensation package of $2.8M, a 15% increase compared to previous year.
Average pay of disclosed executives at Schnitzer Steel
Tamara L. Lundgren, Chief Executive Officer, received $6.9M in total, which increased by 16% compared to 2019. 52% of Lundgren's compensation, or $3.6M, was in stock awards. Lundgren also received $344K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $1.2M in salary, as well as $80K in other compensation.
For fiscal year 2020, the median employee pay was $62,442 at Schnitzer Steel. Therefore, the ratio of Tamara L. Lundgren's pay to the median employee pay was 110 to one.
Richard D. Peach, Chief Financial Officer, received a compensation package of $2.3M, which increased by 14% compared to previous year. 42% of the compensation package, or $960K, was in stock awards.
Michael R. Henderson, Senior Vice President and President, Operations, earned $1.9M in 2020, a 15% increase compared to previous year.
Steven G. Heiskell, Senior Vice President and President, Products & Services, received $1.7M in 2020, which increases by 15% compared to 2019.
Jeffrey Dyck, Senior Vice President and Co-President, CSS, earned $1.4M in 2020, a 14% increase compared to previous year.
Schnitzer Steel's fiscal year ends on August 31.
Related executives
Tamara Lundgren
Schnitzer Steel
Chief Executive Officer
Richard Peach
Schnitzer Steel
Chief Financial Officer
Michael Henderson
Schnitzer Steel
Senior Vice President and President, Operations
Steven Heiskell
Schnitzer Steel
Senior Vice President and President, Products & Services
Jeffrey Dyck
Schnitzer Steel
Senior Vice President and Co-President, CSS
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Source: SEC filing on December 16, 2020.