Spartan Motors CEO Daryl Adams' 2021 pay rises 15% to $5.1M
Spartan Motors reports 2021 executive compensation
By ExecPay News
Published: April 5, 2022
Spartan Motors reported fiscal year 2021 executive compensation information on April 5, 2022.
In 2021, five executives at Spartan Motors received on average a compensation package of $2.2M, a 20% increase compared to previous year.
Average pay of disclosed executives at Spartan Motors
Daryl M. Adams, Chief Executive Officer, received $5.1M in total, which increased by 15% compared to 2020. 50% of Adams' compensation, or $2.6M, was in stock awards. Adams also received $1.8M in non-equity incentive plan, $783K in salary, as well as $35K in other compensation.
For fiscal year 2021, the median employee pay was $43,273 at Spartan Motors. Therefore, the ratio of Daryl M. Adams' pay to the median employee pay was 119 to one.
Chad M. Heminover, President, Fleet Vehicles and Services, received a compensation package of $1.7M, which increased by 45% compared to previous year. 57% of the compensation package, or $983K, was in stock awards.
Jonathan C. Douyard, Chief Financial Officer, earned $1.6M in 2021, a 14% decrease compared to previous year.
Todd A. Heavin, Chief Operating Officer, received $1.3M in 2021, which decreases by 29% compared to 2020.
Stephen K. Guillaume, President, Specialty Vehicles, earned $1M in 2021, a 18% increase compared to previous year.
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Source: SEC filing on April 5, 2022.