Commercial Metals CEO Barbara Smith's 2022 pay rises 13% to $10M
Commercial Metals reports 2022 executive compensation
By ExecPay News
Published: November 22, 2022
Commercial Metals reported fiscal year 2022 executive compensation information on November 22, 2022.
In 2022, six executives at Commercial Metals received on average a compensation package of $4M, a 8% increase compared to previous year.
Average pay of disclosed executives at Commercial Metals
Barbara R. Smith, Chief Executive Officer, received $10M in total, which increased by 13% compared to 2021. 57% of Smith's compensation, or $5.8M, was in stock awards. Smith also received $3M in non-equity incentive plan, $1.1M in salary, as well as $227K in other compensation.
For fiscal year 2022, the median employee pay was $57,580 at Commercial Metals. Therefore, the ratio of Barbara R. Smith's pay to the median employee pay was 177 to one.
Tracy L. Porter, Executive Vice President, received a compensation package of $4.5M, which increased by 5% compared to previous year. 45% of the compensation package, or $2M, was in stock awards.
Ty L. Garrison, Senior Vice President Operations, earned $2.8M in 2022.
Paul J. Lawrence, Chief Financial Officer, received $2.7M in 2022, which increases by 7% compared to 2021.
Jennifer J. Durbin, Chief Human Resources Officer, earned $1.9M in 2022, a 45% increase compared to previous year.
Jody K. Absher, Chief Legal Officer, received $1.9M in 2022, which increases by 44% compared to 2021.
Commercial Metals' fiscal year ends on August 31.
Related executives
Barbara Smith
Commercial Metals
Chief Executive Officer
Paul Lawrence
Commercial Metals
Chief Financial Officer
Ty Garrison
Commercial Metals
Senior Vice President Operations
Jody Absher
Commercial Metals
Chief Legal Officer
Jennifer Durbin
Commercial Metals
Chief Human Resources Officer
Tracy Porter
Commercial Metals
Executive Vice President
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Source: SEC filing on November 22, 2022.