Cato CEO John Cato's 2018 pay jumps 53% to $4.3M
Cato reports 2018 executive compensation
By ExecPay News
Published: April 12, 2019
Cato reported fiscal year 2018 executive compensation information on April 12, 2019.
In 2018, four Cato executives received on average a compensation package of $1.8M, a 57% increase compared to previous year.
Average pay of disclosed executives at Cato
John P. D. Cato, Chief Executive Officer, received $4.3M in total, which increased by 53% compared to 2017. 40% of Cato's compensation, or $1.7M, was in non-equity incentive plan. Cato also received $1.3M in salary, $1M in stock awards, as well as $281K in other compensation.
For fiscal year 2018, the median employee pay was $9,789 at Cato. Therefore, the ratio of John P. D. Cato's pay to the median employee pay was 438 to one.
John R. Howe, Chief Financial Officer, received a compensation package of $1.1M, which increased by 64% compared to previous year. 40% of the compensation package, or $451K, was in salary.
M. Tim Greer, Executive Vice President Director of Stores, earned $924K in 2018, a 65% increase compared to previous year.
Gordon D. Smith, Executive Vice President Chief Real Estate & Store Development Officer, received $842K in 2018, which increases by 65% compared to 2017.
Cato's fiscal year ends on January 29.
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Source: SEC filing on April 12, 2019.