Cardinal Ethanol CEO Jeffrey Painter's 2021 pay rises 4% to $351K
Cardinal Ethanol reports 2021 executive compensation
By ExecPay News
Published: December 22, 2021
Cardinal Ethanol reported fiscal year 2021 executive compensation information on December 22, 2021.
In 2021, four executives at Cardinal Ethanol received on average a compensation package of $227K, a 7% increase compared to previous year.
Average pay of disclosed executives at Cardinal Ethanol
Jeffrey Painter, Chief Executive Officer, received $351K in total, which increased by 4% compared to 2020. 78% of Painter's compensation, or $273K, was in salary. Painter also received $67K in non-equity incentive plan and $11K in other compensation.
For fiscal year 2021, the median employee pay was $65,413 at Cardinal Ethanol. Therefore, the ratio of Jeffrey Painter's pay to the median employee pay was 5 to one.
Jeremey Herlyn, Plaint Manager, received a compensation package of $205K, which increased by 10% compared to previous year. 78% of the compensation package, or $159K, was in salary.
William Dartt, Chief Financial Officer, earned $197K in 2021, a 8% increase compared to previous year.
Casey Bruns, Commodity Manager, received $154K in 2021, which increases by 10% compared to 2020.
Cardinal Ethanol's fiscal year ends on September 30.
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Source: SEC filing on December 22, 2021.