Cato CEO John Cato's 2020 pay falls 48% to $2.8M
Cato reports 2020 executive compensation
By ExecPay News
Published: April 8, 2021
Cato reported fiscal year 2020 executive compensation information on April 8, 2021.
In 2020, four Cato executives received on average a compensation package of $1.1M, a 48% decrease compared to previous year.
Average pay of disclosed executives at Cato
John P. D. Cato, Chief Executive Officer, received $2.8M in total, which decreased by 48% compared to 2019. 42% of Cato's compensation, or $1.2M, was in stock awards. Cato also received $392K in bonus, $1.1M in salary, as well as $94K in other compensation.
For fiscal year 2020, the median employee pay was $11,716 at Cato. Therefore, the ratio of John P. D. Cato's pay to the median employee pay was 236 to one.
John R. Howe, Chief Financial Officer, received a compensation package of $697K, which decreased by 40% compared to previous year. 62% of the compensation package, or $430K, was in salary.
Gordon D. Smith, Executive Vice President Chief Real Estate & Store Development Officer, earned $525K in 2020, a 40% decrease compared to previous year.
M. Tim Greer, Executive Vice President Director of Stores, received $297K in 2020, which decreases by 69% compared to 2019.
Cato's fiscal year ends on January 29.
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Source: SEC filing on April 8, 2021.