WD-40 CEO Garry Ridge's 2020 pay slips 6% to $2.9M
WD-40 reports 2020 executive compensation
By ExecPay News
Published: October 29, 2020
WD-40 reported fiscal year 2020 executive compensation information on October 29, 2020.
In 2020, six WD-40 executives received on average a compensation package of $1.2M, a 9% increase compared to previous year.
Average pay of disclosed executives at WD-40
Garry O. Ridge, Chief Executive Officer, received $2.9M in total, which decreased by 6% compared to 2019. 61% of Ridge's compensation, or $1.8M, was in stock awards. Ridge also received $197K in bonus, $141K in non-equity incentive plan, $675K in salary, as well as $119K in other compensation.
For fiscal year 2020, the median employee pay was $99,580 at WD-40. Therefore, the ratio of Garry O. Ridge's pay to the median employee pay was 29 to one.
Steven A. Brass, Chief Operating Officer, received a compensation package of $1.4M, which increased by 87% compared to previous year. 50% of the compensation package, or $722K, was in stock awards.
Jay W. Rembolt, Chief Financial Officer, earned $843K in 2020, a 10% decrease compared to previous year.
Patricia Q. Olsem, Division President, Americas, received $790K in 2020, which increases by 71% compared to 2019.
Richard T. Clampitt, General Counsel, earned $693K in 2020, a 2% increase compared to previous year.
William B. Noble, Managing Director, EMEA, received $610K in 2020, which decreases by 17% compared to 2019.
WD-40's fiscal year ends on August 31.
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Source: SEC filing on October 29, 2020.