Weis Markets CEO Jonathan Weis' 2019 pay rises 12% to $6.6M
Weis Markets reports 2019 executive compensation
By ExecPay News
Published: March 12, 2020
Weis Markets reported fiscal year 2019 executive compensation information on March 12, 2020.
In 2019, five executives at Weis Markets received on average a compensation package of $2.3M, a 9% increase compared to previous year.
Average pay of disclosed executives at Weis Markets
Jonathan H. Weis, Chief Executive Officer, received $6.6M in total, which increased by 12% compared to 2018. 78% of Weis' compensation, or $5.1M, was in non-equity incentive plan. Weis also received $1.1M in salary and $400K in other compensation.
For fiscal year 2019, the median employee pay was $17,219 at Weis Markets. Therefore, the ratio of Jonathan H. Weis' pay to the median employee pay was 383 to one.
Kurt A. Schertle, Chief Operating Officer, received a compensation package of $2.1M, which increased by 6% compared to previous year. 62% of the compensation package, or $1.3M, was in non-equity incentive plan.
Scott F. Frost, Chief Financial Officer, earned $1.1M in 2019, a 3% increase compared to previous year.
Harold G. Graber, Senior Vice President of Real Estate and Development, received $856K in 2019, which increases by 5% compared to 2018.
David W. Gose II, Senior Vice President of Operations, earned $796K in 2019, a 6% increase compared to previous year.
Weis Markets' fiscal year ends on December 25.
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Source: SEC filing on March 12, 2020.