Spartan Motors CEO Daryl Adams' 2020 pay rises 2% to $4.5M
Spartan Motors reports 2020 executive compensation
By ExecPay News
Published: April 9, 2021
Spartan Motors reported fiscal year 2020 executive compensation information on April 9, 2021.
In 2020, six executives at Spartan Motors received on average a compensation package of $1.8M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Spartan Motors
Daryl M. Adams, Chief Executive Officer, received $4.5M in total, which increased by 2% compared to 2019. 44% of Adams' compensation, or $2M, was in stock awards. Adams also received $1.8M in non-equity incentive plan, $711K in salary, as well as $42K in other compensation.
For fiscal year 2020, the median employee pay was $45,304 at Spartan Motors. Therefore, the ratio of Daryl M. Adams' pay to the median employee pay was 99 to one.
Jonathan C. Douyard, Chief Financial Officer, received a compensation package of $1.9M. 40% of the compensation package, or $753K, was in stock awards.
Todd A. Heavin, Chief Operating Officer, earned $1.8M in 2020.
Chad M. Heminover, President, Fleet Vehicles and Services, received $1.2M in 2020, which increases by 37% compared to 2019.
Stephen K. Guillaume, President, Specialty Vehicles, earned $870K in 2020, which is about the same as previous year.
Frederick J. Sohm, Chief Financial Officer, received $576K in 2020, which decreases by 54% compared to 2019.
Related executives
Daryl Adams
Spartan Motors
Chief Executive Officer
Jonathan Douyard
Spartan Motors
Chief Financial Officer
Todd Heavin
Spartan Motors
Chief Operating Officer
Chad Heminover
Spartan Motors
President, Fleet Vehicles and Services
Stephen Guillaume
Spartan Motors
President, Specialty Vehicles
Frederick Sohm
Spartan Motors
Chief Financial Officer
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Source: SEC filing on April 9, 2021.