Universal Technical Institute CEO Jerome Grant's 2020 pay jumps 360% to $2M
Universal Technical Institute reports 2020 executive compensation
By ExecPay News
Published: January 20, 2021
Universal Technical Institute reported fiscal year 2020 executive compensation information on January 20, 2021.
In 2020, seven executives at Universal Technical Institute received on average a compensation package of $1M, a 118% increase compared to previous year.
Average pay of disclosed executives at Universal Technical Institute
Jerome A. Grant, Chief Executive Officer, received $2M in total, which increased by 360% compared to 2019. 56% of Grant's compensation, or $1.1M, was in stock awards. Grant also received $311K in non-equity incentive plan, $487K in salary, as well as $97K in other compensation.
For fiscal year 2020, the median employee pay was $88,056 at Universal Technical Institute. Therefore, the ratio of Jerome A. Grant's pay to the median employee pay was 23 to one.
Kimberly J. McWaters, Chief Executive Officer, received a compensation package of $1.5M, which increased by 44% compared to previous year. 81% of the compensation package, or $1.2M, was in other compensation.
Troy R. Anderson, Chief Financial Officer, earned $1.2M in 2020, a 9339% increase compared to previous year.
Sherrell E. Smith, Executive Vice President Campus Operations & Services, received $907K in 2020, which increases by 69% compared to 2019.
Todd A. Hitchcock, Senior Vice President and Chief Strategy and Transformation Officer, earned $662K in 2020.
Eric A. Severson, Senior Vice President Admissions, received $658K in 2020, which increases by 66% compared to 2019.
Piper P. Jameson, Chief Marketing Officer, earned $423K in 2020, a 7% decrease compared to previous year.
Universal Technical Institute's fiscal year ends on September 30.
Related executives
Jerome Grant
Universal Technical Institute
Chief Executive Officer
Troy Anderson
Universal Technical Institute
Chief Financial Officer
Sherrell Smith
Universal Technical Institute
Executive Vice President Campus Operations & Services
Eric Severson
Universal Technical Institute
Senior Vice President Admissions
Todd Hitchcock
Universal Technical Institute
Senior Vice President and Chief Strategy and Transformation Officer
Kimberly McWaters
Universal Technical Institute
Chief Executive Officer
Piper Jameson
Universal Technical Institute
Chief Marketing Officer
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Source: SEC filing on January 20, 2021.