Cardinal Ethanol CEO Jeffrey Painter's 2022 pay jumps 30% to $457K
Cardinal Ethanol reports 2022 executive compensation
By ExecPay News
Published: December 23, 2022
Cardinal Ethanol reported fiscal year 2022 executive compensation information on December 23, 2022.
In 2022, four executives at Cardinal Ethanol received on average a compensation package of $288K, a 27% increase compared to previous year.
Average pay of disclosed executives at Cardinal Ethanol
Jeffrey Painter, Chief Executive Officer, received $457K in total, which increased by 30% compared to 2021. 64% of Painter's compensation, or $291K, was in salary. Painter also received $75K in bonus, $78K in non-equity incentive plan, as well as $13K in other compensation.
For fiscal year 2022, the median employee pay was $74,655 at Cardinal Ethanol. Therefore, the ratio of Jeffrey Painter's pay to the median employee pay was 6 to one.
Jeremey Herlyn, Plant Manager, received a compensation package of $245K, which increased by 19% compared to previous year. 69% of the compensation package, or $168K, was in salary.
William Dartt, Chief Financial Officer, earned $236K in 2022, a 20% increase compared to previous year.
Casey Bruns, Commodity Manager, received $213K in 2022, which increases by 38% compared to 2021.
Cardinal Ethanol's fiscal year ends on September 30.
Related executives
You may also like
Source: SEC filing on December 23, 2022.