Cree CEO Gregg Lowe's 2019 pay falls 22% to $10M
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 $10M in total, which decreased by 22% compared to 2018. 73% of Lowe's compensation, or $7.7M, was in stock awards. Lowe also received $544K in bonus, $1.2M in non-equity incentive plan, $845K in salary, as well as $149K 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% 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 $676K in 2019, which decreases by 67% compared to 2018.
Cree's fiscal year ends on June 26.
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Source: SEC filing on September 10, 2019.