Commercial Metals CEO Barbara Smith's 2021 pay stays at $9.1M
Commercial Metals reports 2021 executive compensation
By ExecPay News
Published: November 23, 2021
Commercial Metals reported fiscal year 2021 executive compensation information on November 23, 2021.
In 2021, five executives at Commercial Metals received on average a compensation package of $3.7M, a 21% increase compared to previous year.
Average pay of disclosed executives at Commercial Metals
Barbara R. Smith, Chief Executive Officer, received $9.1M in total, which is about the same as previous year. 54% of Smith's compensation, or $4.9M, was in stock awards. Smith also received $2.9M in non-equity incentive plan, $1.1M in salary, as well as $218K in other compensation.
For fiscal year 2021, the median employee pay was $53,132 at Commercial Metals. Therefore, the ratio of Barbara R. Smith's pay to the median employee pay was 170 to one.
Tracy L. Porter, Chief Operating Officer, received a compensation package of $4.3M, which is about the same as previous year. 44% of the compensation package, or $1.9M, was in stock awards.
Paul J. Lawrence, Chief Financial Officer, earned $2.5M in 2021, a 10% increase compared to previous year.
Jody K. Absher, General Counsel, received $1.3M in 2021, which increases by 106% compared to 2020.
Jennifer J. Durbin, Vice President, Human Resources, earned $1.3M in 2021, a 113% increase compared to previous year.
Commercial Metals' fiscal year ends on August 31.
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Source: SEC filing on November 23, 2021.