Weis Markets CEO Jonathan Weis' 2021 pay rises 6% to $9.6M
Weis Markets reports 2021 executive compensation
By ExecPay News
Published: March 10, 2022
Weis Markets reported fiscal year 2021 executive compensation information on March 10, 2022.
In 2021, five executives at Weis Markets received on average a compensation package of $3.3M, a 9% increase compared to previous year.
Average pay of disclosed executives at Weis Markets
Jonathan H. Weis, Chief Executive Officer, received $9.6M in total, which increased by 6% compared to 2020. 86% of Weis' compensation, or $8.2M, was in non-equity incentive plan. Weis also received $1.1M in salary and $253K in other compensation.
For fiscal year 2021, the median employee pay was $19,061 at Weis Markets. Therefore, the ratio of Jonathan H. Weis' pay to the median employee pay was 504 to one.
Kurt A. Schertle, Chief Operating Officer, received a compensation package of $3.5M, which increased by 32% compared to previous year. 75% of the compensation package, or $2.6M, was in non-equity incentive plan.
Michael T. Lockard, Chief Financial Officer, earned $1.3M in 2021.
Harold G. Graber, Senior Vice President of Real Estate and Development, received $1.1M in 2021, which increases by 4% compared to 2020.
David W. Gose II, Senior Vice President of Operations, earned $1M in 2021, a 7% increase compared to previous year.
Weis Markets' fiscal year ends on December 25.
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Source: SEC filing on March 10, 2022.