Cree CEO Gregg Lowe's 2020 pay falls 35% to $6.8M
Cree reports 2020 executive compensation
By ExecPay News
Published: September 9, 2020
Cree reported fiscal year 2020 executive compensation information on September 9, 2020.
In 2020, two Cree executives received on average a compensation package of $5.9M, a 39% increase compared to previous year.
Average pay of disclosed executives at Cree
Gregg A. Lowe, Chief Executive Officer, received $6.8M in total, which decreased by 35% compared to 2019. 87% of Lowe's compensation, or $5.9M, was in stock awards. Lowe also received $873K in salary and $11K in other compensation.
For fiscal year 2020, the median employee pay was $49,782 at Cree. Therefore, the ratio of Gregg A. Lowe's pay to the median employee pay was 136 to one.
Neill P. Reynolds, Chief Financial Officer, received a compensation package of $5.1M, which increased by 12% compared to previous year. 81% of the compensation package, or $4.1M, was in stock awards.
Cree's fiscal year ends on June 26.
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Source: SEC filing on September 9, 2020.