Argan CEO William Griffin's 2020 pay falls 40% to $3M
Argan reports 2020 executive compensation
By ExecPay News
Published: May 6, 2020
Argan reported fiscal year 2020 executive compensation information on May 6, 2020.
In 2020, five Argan executives received on average a compensation package of $1.4M, a 39% decrease compared to previous year.
Average pay of disclosed executives at Argan
William F. Griffin, Jr, Chief Executive Officer, received $3M in total, which decreased by 40% compared to 2019. 53% of Griffin's compensation, or $1.6M, was in bonus. Griffin also received $1.4M in salary and $29K in other compensation.
For fiscal year 2020, the median employee pay was $72,584 at Argan. Therefore, the ratio of William F. Griffin, Jr's pay to the median employee pay was 42 to one.
Rainer H. Bosselmann, Chief Executive Officer, received a compensation package of $1.3M, which increased by 18% compared to previous year. 35% of the compensation package, or $467K, was in option awards.
David H. Watson, Chief Financial Officer, earned $1.1M in 2020, a 17% increase compared to previous year.
Charles E. Collins IV, Co, President, Gemma, received $858K in 2020.
T. Colin Trebilcock, Co, President, Gemma, earned $858K in 2020.
Argan's fiscal year ends on January 31.
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Source: SEC filing on May 6, 2020.