FranklinCovey CEO Paul Walker's 2022 pay jumps 47% to $2.1M
FranklinCovey reports 2022 executive compensation
By ExecPay News
Published: December 19, 2022
FranklinCovey reported fiscal year 2022 executive compensation information on December 19, 2022.
In 2022, five executives at FranklinCovey received on average a compensation package of $1.5M, a 1% decrease compared to previous year.
Average pay of disclosed executives at FranklinCovey
Paul S. Walker, Chief Executive Officer, received $2.1M in total, which increased by 47% compared to 2021. 40% of Walker's compensation, or $853K, was in stock awards. Walker also received $744K in non-equity incentive plan, $497K in salary, as well as $21K in other compensation.
For fiscal year 2022, the median employee pay was $86,615 at FranklinCovey. Therefore, the ratio of Paul S. Walker's pay to the median employee pay was 24 to one.
Robert A. Whitman, Chairman, received a compensation package of $1.8M, which decreased by 38% compared to previous year. 62% of the compensation package, or $1.1M, was in stock awards.
Stephen D. Young, Chief Financial Officer, earned $1.2M in 2022, a 5% increase compared to previous year.
M. Sean Covey, President - Education Division, received $1.2M in 2022, which increases by 12% compared to 2021.
Jennifer C. Colosimo, President - Enterprise Division, earned $1.1M in 2022.
FranklinCovey's fiscal year ends on August 31.
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Source: SEC filing on December 19, 2022.