Cree CEO Gregg Lowe's 2022 pay falls 30% to $9.3M
Cree reports 2022 executive compensation
By ExecPay News
Published: September 9, 2022
Cree reported fiscal year 2022 executive compensation information on September 9, 2022.
In 2022, two Cree executives received on average a compensation package of $6M, a 25% decrease compared to previous year.
Average pay of disclosed executives at Cree
Gregg A. Lowe, Chief Executive Officer, received $9.3M in total, which decreased by 30% compared to 2021. 79% of Lowe's compensation, or $7.3M, was in stock awards. Lowe also received $1.1M in non-equity incentive plan, $875K in salary, as well as $9.5K in other compensation.
For fiscal year 2022, the median employee pay was $73,303 at Cree. Therefore, the ratio of Gregg A. Lowe's pay to the median employee pay was 127 to one.
Neill P. Reynolds, Chief Financial Officer, received a compensation package of $2.7M, which is about the same as previous year. 62% of the compensation package, or $1.7M, was in stock awards.
Cree's fiscal year ends on June 26.
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Source: SEC filing on September 9, 2022.