Chad M. Heminover
2021
In 2021, Chad M. Heminover earned a total compensation of $1.7M as President, Fleet Vehicles and Services at Spartan Motors, a 45% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $345,600 |
|---|---|
| Salary | $394,615 |
| Stock Awards | $983,214 |
| Other | $12,059 |
| Total | $1,735,488 |
Heminover received $983.2K in stock awards, accounting for 57% of the total pay in 2021.
Heminover also received $345.6K in non-equity incentive plan, $394.6K in salary and $12.1K in other compensation.
Rankings
In 2021, Chad M. Heminover's compensation ranked 6,629th out of 12,405 executives tracked by ExecPay. In other words, Heminover earned more than 46.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 6,629 out of 12,405 | 47th |
Division Manufacturing | 2,864 out of 5,494 | 48th |
Major group Transportation Equipment | 187 out of 339 | 45th |
Industry group Motor Vehicles And Motor Vehicle Equipment | 130 out of 232 | 44th |
Industry Motor Vehicles and Passenger Car Bodies | 30 out of 64 | 53rd |
Pay ratio
| Chad M. Heminover's Pay | $1,735,488 |
|---|---|
| Median Employee's Pay | $43,273 |
| Pay Ratio | 40to 1 |
In 2021, the annual total compensation of Chad M. Heminover was $1,735,488.
The annual total compensation of the median employee at Spartan Motors was $43,273.
The ratio of Chad M. Heminover's pay to the pay of median employee was therefore 40 to one.
Source: SEC filing on April 5, 2022.
Heminover's colleagues
We found four more compensation records of executives who worked with Chad M. Heminover at Spartan Motors in 2021.