Watsco CEO Albert Nahmad's 2018 pay slips 13% to $7.1M
Watsco reports 2018 executive compensation
By ExecPay News
Published: April 26, 2019
Watsco reported fiscal year 2018 executive compensation information on April 26, 2019.
In 2018, four Watsco executives received on average a compensation package of $2.9M, a 11% decrease compared to previous year.
Average pay of disclosed executives at Watsco
Albert H. Nahmad, Chief Executive Officer, received $7.1M in total, which decreased by 13% compared to 2017. 87% of Nahmad's compensation, or $6.2M, was in stock awards. Nahmad also received $42 in non-equity incentive plan, $658K in salary, as well as $272K in other compensation.
For fiscal year 2018, the median employee pay was $47,786 at Watsco. Therefore, the ratio of Albert H. Nahmad's pay to the median employee pay was 149 to one.
Aaron J. Nahmad, President, received a compensation package of $3.9M, which increased by 22% compared to previous year. 84% of the compensation package, or $3.3M, was in stock awards.
Barry S. Logan, Senior Vice President, earned $410K in 2018, a 57% decrease compared to previous year.
Ana M. Menendez, Chief Financial Officer, received $331K in 2018, which decreases by 63% compared to 2017.
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Source: SEC filing on April 26, 2019.