Tredegar CEO John Steitz's 2021 pay falls 27% to $3.7M
Tredegar reports 2021 executive compensation
By ExecPay News
Published: March 23, 2022
Tredegar reported fiscal year 2021 executive compensation information on March 23, 2022.
In 2021, three Tredegar executives received on average a compensation package of $2.4M, a 23% decrease compared to previous year.
Average pay of disclosed executives at Tredegar
John M. Steitz, Chief Executive Officer, received $3.7M in total, which decreased by 27% compared to 2020. 40% of Steitz's compensation, or $1.5M, was in option awards. Steitz also received $744K in bonus, $869K in salary, $503K in stock awards, as well as $88K in other compensation.
For fiscal year 2021, the median employee pay was $44,908 at Tredegar. Therefore, the ratio of John M. Steitz's pay to the median employee pay was 82 to one.
Kevin C. Donnelly, General Counsel, received a compensation package of $1.7M. 44% of the compensation package, or $749K, was in stock awards.
D. Andrew Edwards, Chief Financial Officer, earned $1.7M in 2021, a 25% decrease compared to previous year.
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Source: SEC filing on March 23, 2022.