Cato CEO John Cato's 2019 pay jumps 23% to $5.3M
Cato reports 2019 executive compensation
By ExecPay News
Published: April 9, 2020
Cato reported fiscal year 2019 executive compensation information on April 9, 2020.
In 2019, four Cato executives received on average a compensation package of $2.1M, a 15% increase compared to previous year.
Average pay of disclosed executives at Cato
John P. D. Cato, Chief Executive Officer, received $5.3M in total, which increased by 23% compared to 2018. 37% of Cato's compensation, or $2M, was in non-equity incentive plan. Cato also received $1.3M in salary, $1.6M in stock awards, as well as $370K in other compensation.
For fiscal year 2019, the median employee pay was $10,382 at Cato. Therefore, the ratio of John P. D. Cato's pay to the median employee pay was 508 to one.
John R. Howe, Chief Financial Officer, received a compensation package of $1.2M, which increased by 3% compared to previous year. 40% of the compensation package, or $462K, was in salary.
M. Tim Greer, Executive Vice President Director of Stores, earned $958K in 2019, a 4% increase compared to previous year.
Gordon D. Smith, Executive Vice President Chief Real Estate & Store Development Officer, received $874K in 2019, which increases by 4% compared to 2018.
Cato's fiscal year ends on January 29.
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Source: SEC filing on April 9, 2020.