Summit Materials CEO Thomas Hill's 2019 pay jumps 46% to $6.8M
Summit Materials reports 2019 executive compensation
By ExecPay News
Published: April 3, 2020
Summit Materials reported fiscal year 2019 executive compensation information on April 3, 2020.
In 2019, six executives at Summit Materials received on average a compensation package of $2.5M, a 8% increase compared to previous year.
Average pay of disclosed executives at Summit Materials
Thomas W. Hill, Chief Executive Officer, received $6.8M in total, which increased by 46% compared to 2018. 67% of Hill's compensation, or $4.6M, was in stock awards. Hill also received $1.3M in non-equity incentive plan, $900K in salary, as well as $24K in other compensation.
For fiscal year 2019, the median employee pay was $61,969 at Summit Materials. Therefore, the ratio of Thomas W. Hill's pay to the median employee pay was 110 to one.
Brian J. Harris, Chief Financial Officer, received a compensation package of $2.3M, which increased by 10% compared to previous year. 55% of the compensation package, or $1.3M, was in stock awards.
Michael J. Brady, Executive Vice President, Chief Business Development Officer, earned $1.7M in 2019, a 36% increase compared to previous year.
Karl H. Watson, Jr, Chief Operating Officer, received $1.5M in 2019, which decreases by 41% compared to 2018.
Anne Lee Benedict, Chief Legal Officer, earned $1.4M in 2019.
M. Shane Evans, Executive Vice President, West Division President, received $1.4M in 2019, which increases by 30% compared to 2018.
Summit Materials' fiscal year ends on January 1.
Related executives
Thomas Hill
Summit Materials
Chief Executive Officer
Brian Harris
Summit Materials
Chief Financial Officer
Michael Brady
Summit Materials
Executive Vice President, Chief Business Development Officer
Anne Benedict
Summit Materials
Chief Legal Officer
M Evans
Summit Materials
Executive Vice President, West Division President
Karl Watson
Summit Materials
Chief Operating Officer
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Source: SEC filing on April 3, 2020.