Cree CEO Gregg Lowe's 2019 pay falls 22% to $10.4M

Cree reports 2019 executive compensation

By ExecPay News

Published: September 10, 2019

Cree reported fiscal year 2019 executive compensation information on September 10, 2019.
In 2019, four Cree executives received on average a compensation package of $4.3M, which is about the same as previous year.
Average pay of disclosed executives at Cree
Gregg A. Lowe, Chief Executive Officer, received $10.4M in total, which decreased by 22% compared to 2018. 73.41% of Lowe's compensation, or $7.7M, was in stock awards. Lowe also received $543.9K in bonus, $1.2M in non-equity incentive plan, $845.2K in salary, as well as $148.6K in other compensation.
For fiscal year 2019, the median employee pay was $45,940 at Cree. Therefore, the ratio of Gregg A. Lowe's pay to the median employee pay was 227 to one.
Neill P. Reynolds, Chief Financial Officer, received a compensation package of $4.6M. 57.19% of the compensation package, or $2.6M, was in stock awards.
David T. Emerson, Former Executive Vice President LED Products, earned $1.4M in 2019, a 15% decrease compared to previous year.
Michael E. McDevitt, Chief Financial Officer, received $676.1K in 2019, which decreases by 67% compared to 2018.
Cree's fiscal year ends on June 28.

Related executives

Gregg Lowe


Chief Executive Officer

Neill Reynolds


Chief Financial Officer

Michael McDevitt


Chief Financial Officer

David Emerson


Former Executive Vice President LED Products

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Source: SEC filing on September 10, 2019.