Copart CEO A Adair's 2020 pay jumps 16,384% to $26M
Copart reports 2020 executive compensation
By ExecPay News
Published: November 2, 2020
Copart reported fiscal year 2020 executive compensation information on November 2, 2020.
In 2020, three Copart executives received on average a compensation package of $10M, a 366% increase compared to previous year.
Average pay of disclosed executives at Copart
A. Jayson Adair, Chief Executive Officer, received $26M in total, which increased by 16,384% compared to 2019. 99% of Adair's compensation, or $25M, was in option awards. Adair also received $1 in salary and $294K in other compensation.
For fiscal year 2020, the median employee pay was $35,448 at Copart. Therefore, the ratio of A. Jayson Adair's pay to the median employee pay was 727 to one.
Jeffrey Liaw, President, received a compensation package of $4.3M, which increased by 35% compared to previous year. 69% of the compensation package, or $3M, was in stock awards.
William E. Franklin, Former Executive Vice President, earned $235K in 2020, a 93% decrease compared to previous year.
Copart's fiscal year ends on July 31.
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Source: SEC filing on November 2, 2020.