Watsco President Aaron Nahmad's 2021 pay rises 19% to $11M
Watsco reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
Watsco reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, four Watsco executives received on average a compensation package of $5.9M, a 15% increase compared to previous year.
Average pay of disclosed executives at Watsco
Aaron J. Nahmad, President, received $11M in total, which increased by 19% compared to 2020. 91% of Nahmad's compensation, or $9.8M, was in stock awards. Nahmad also received $300K in bonus, $306 in non-equity incentive plan, $600K in salary, as well as $7.3K in other compensation.
For fiscal year 2021, the median employee pay was $56,525 at Watsco. Therefore, the ratio of Aaron J. Nahmad's pay to the median employee pay was 189 to one.
Albert H. Nahmad, Chief Executive Officer, received a compensation package of $11M, which is about the same as previous year. 94% of the compensation package, or $10M, was in stock awards.
Barry S. Logan, Executive Vice President, earned $1.9M in 2021, a 293% increase compared to previous year.
Ana M. Menendez, Chief Financial Officer, received $357K in 2021, which decreases by 18% compared to 2020.
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Source: SEC filing on April 29, 2022.