FranklinCovey CEO Paul Walker's 2023 pay jumps 28% to $2.7M
FranklinCovey reports 2023 executive compensation
By ExecPay News
Published: December 19, 2023
FranklinCovey reported fiscal year 2023 executive compensation information on December 19, 2023.
In 2023, five executives at FranklinCovey received on average a compensation package of $1.5M, a 3% increase compared to previous year.
Average pay of disclosed executives at FranklinCovey
Paul S. Walker, Chief Executive Officer, received $2.7M in total, which increased by 28% compared to 2022. 48% of Walker's compensation, or $1.3M, was in stock awards. Walker also received $845K in non-equity incentive plan, $546K in salary, as well as $18K in other compensation.
For fiscal year 2023, the median employee pay was $93,837 at FranklinCovey. Therefore, the ratio of Paul S. Walker's pay to the median employee pay was 29 to one.
Robert A. Whitman, Chairman, received a compensation package of $1.6M, which decreased by 12% compared to previous year. 62% of the compensation package, or $1M, was in stock awards.
Stephen D. Young, Chief Financial Officer, earned $1.1M in 2023, a 7% decrease compared to previous year.
M. Sean Covey, President - Education Division, received $1.1M in 2023, which decreases by 5% compared to 2022.
Jennifer C. Colosimo, President - Enterprise Division, earned $1.1M in 2023, a 2% decrease compared to previous year.
FranklinCovey's fiscal year ends on August 31.
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Source: SEC filing on December 19, 2023.