Cato CEO John Cato's 2021 pay jumps 98% to $5.5M
Cato reports 2021 executive compensation
By ExecPay News
Published: April 6, 2022
Cato reported fiscal year 2021 executive compensation information on April 6, 2022.
In 2021, four Cato executives received on average a compensation package of $1.9M, a 78% increase compared to previous year.
Average pay of disclosed executives at Cato
John P. D. Cato, Chief Executive Officer, received $5.5M in total, which increased by 98% compared to 2020. 37% of Cato's compensation, or $2M, was in non-equity incentive plan. Cato also received $1.3M in salary, $1.9M in stock awards, as well as $244K in other compensation.
For fiscal year 2021, the median employee pay was $13,861 at Cato. Therefore, the ratio of John P. D. Cato's pay to the median employee pay was 394 to one.
John R. Howe, Chief Financial Officer, received a compensation package of $1.2M, which increased by 73% compared to previous year. 39% of the compensation package, or $474K, was in salary.
Gordon D. Smith, Executive Vice President Chief Real Estate & Store Development Officer, earned $920K in 2021, a 75% increase compared to previous year.
Charles D. Knight, Chief Financial Officer, received $17K in 2021.
Cato's fiscal year ends on January 29.
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Source: SEC filing on April 6, 2022.