Douglas Dynamics CEO Robert McCormick's 2020 pay rises 8% to $2.2M
Douglas Dynamics reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Douglas Dynamics reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, four executives at Douglas Dynamics received on average a compensation package of $1.2M, a 16% increase compared to previous year.
Average pay of disclosed executives at Douglas Dynamics
Robert McCormick, Chief Executive Officer, received $2.2M in total, which increased by 8% compared to 2019. 44% of McCormick's compensation, or $945K, was in stock awards. McCormick also received $465K in non-equity incentive plan, $656K in salary, as well as $90K in other compensation.
For fiscal year 2020, the median employee pay was $47,243 at Douglas Dynamics. Therefore, the ratio of Robert McCormick's pay to the median employee pay was 46 to one.
Sarah C. Lauber, Chief Financial Officer, received a compensation package of $990K, which decreased by 4% compared to previous year. 40% of the compensation package, or $398K, was in salary.
Keith Hagelin, President, Work Truck Attachments, earned $838K in 2020, a 6% decrease compared to previous year.
Jon Sievert, President, Work Truck Solutions, received $679K in 2020, which decreases by 5% compared to 2019.
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Source: SEC filing on March 26, 2021.