Ferro CEO Peter Thomas' 2020 pay rises 9% to $5.4M
Ferro reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
Ferro reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, three Ferro executives received on average a compensation package of $2.8M, a 9% increase compared to previous year.
Average pay of disclosed executives at Ferro
Peter T. Thomas, Chief Executive Officer, received $5.4M in total, which increased by 9% compared to 2019. 43% of Thomas' compensation, or $2.3M, was in stock awards. Thomas also received $75K of change in pension value and nonqualified deferred compensation earnings, $825K in non-equity incentive plan, $1M in option awards, $1M in salary, as well as $185K in other compensation.
For fiscal year 2020, the median employee pay was $39,184 at Ferro. Therefore, the ratio of Peter T. Thomas' pay to the median employee pay was 138 to one.
Benjamin Schlater, Chief Financial Officer, received a compensation package of $1.5M, which increased by 13% compared to previous year. 34% of the compensation package, or $512K, was in stock awards.
Mark H. Duesenberg, General Counsel, earned $1.3M in 2020, a 8% increase compared to previous year.
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Source: SEC filing on March 25, 2021.