WD-40 CEO Garry Ridge's 2022 pay slips 3% to $3.6M
WD-40 reports 2022 executive compensation
By ExecPay News
Published: November 2, 2022
WD-40 reported fiscal year 2022 executive compensation information on November 2, 2022.
In 2022, five WD-40 executives received on average a compensation package of $1.5M, a 16% decrease compared to previous year.
Average pay of disclosed executives at WD-40
Garry O. Ridge, Chief Executive Officer, received $3.6M in total, which decreased by 3% compared to 2021. 72% of Ridge's compensation, or $2.6M, was in stock awards. Ridge also received $182K in non-equity incentive plan, $692K in salary, as well as $137K in other compensation.
For fiscal year 2022, the median employee pay was $87,169 at WD-40. Therefore, the ratio of Garry O. Ridge's pay to the median employee pay was 42 to one.
Steven A. Brass, Chief Operating Officer, received a compensation package of $1.5M, which decreased by 28% compared to previous year. 56% of the compensation package, or $825K, was in stock awards.
Jay W. Rembolt, Chief Financial Officer, earned $848K in 2022, a 20% decrease compared to previous year.
Patricia Q. Olsem, Division President, Americas, received $796K in 2022, which decreases by 23% compared to 2021.
Phenix Q. Kiamilev, General Counsel, earned $657K in 2022.
WD-40's fiscal year ends on August 31.
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Source: SEC filing on November 2, 2022.