Berry Plastics Group CEO Thomas Salmon's 2020 pay jumps 80% to $10M
Berry Plastics Group reports 2020 executive compensation
By ExecPay News
Published: January 22, 2021
Berry Plastics Group reported fiscal year 2020 executive compensation information on January 22, 2021.
In 2020, five executives at Berry Plastics Group received on average a compensation package of $4.3M, a 73% increase compared to previous year.
Average pay of disclosed executives at Berry Plastics Group
Thomas E. Salmon, Chief Executive Officer, received $10M in total, which increased by 80% compared to 2019. 67% of Salmon's compensation, or $6.8M, was in option awards. Salmon also received $2.2M in non-equity incentive plan, $1.1M in salary, as well as $17K in other compensation.
For fiscal year 2020, the median employee pay was $34,769 at Berry Plastics Group. Therefore, the ratio of Thomas E. Salmon's pay to the median employee pay was 290 to one.
Mark W. Miles, Chief Financial Officer, received a compensation package of $3.3M, which increased by 64% compared to previous year. 57% of the compensation package, or $1.9M, was in option awards.
Jean-Marc Galvez, President — Consumer Packaging International Division, earned $3.1M in 2020, a 98% increase compared to previous year.
Curt L. Begle, President — Health, Hygiene & Specialities Division, received $2.6M in 2020, which increases by 43% compared to 2019.
Jason K. Greene, Chief Legal Officer, earned $2.4M in 2020, a 72% increase compared to previous year.
Berry Plastics Group's fiscal year ends on September 26.
Related executives
Jean-Marc Galvez
Berry Plastics Group
President — Consumer Packaging International Division
Jason Greene
Berry Plastics Group
Chief Legal Officer
Thomas Salmon
Berry Plastics Group
Chief Executive Officer
Mark Miles
Berry Plastics Group
Chief Financial Officer
Curt Begle
Berry Plastics Group
President — Health, Hygiene & Specialities Division
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Source: SEC filing on January 22, 2021.