Tredegar CEO John Steitz's 2020 pay jumps 38% to $5M
Tredegar reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
Tredegar reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, three Tredegar executives received on average a compensation package of $3.1M, a 38% increase compared to previous year.
Average pay of disclosed executives at Tredegar
John M. Steitz, Chief Executive Officer, received $5M in total, which increased by 38% compared to 2019. 43% of Steitz's compensation, or $2.2M, was in option awards. Steitz also received $1M in bonus, $844K in salary, $472K in stock awards, as well as $544K in other compensation.
For fiscal year 2020, the median employee pay was $41,883 at Tredegar. Therefore, the ratio of John M. Steitz's pay to the median employee pay was 120 to one.
D. Andrew Edwards, Chief Financial Officer, received a compensation package of $2.3M, which increased by 45% compared to previous year. 26% of the compensation package, or $585K, was in option awards.
Michael J. Schewel, General Counsel, earned $1.9M in 2020, a 51% increase compared to previous year.
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Source: SEC filing on March 25, 2021.