Torchmark CEO Gary Coleman's 2021 pay slips 9% to $8.4M
Torchmark reports 2021 executive compensation
By ExecPay News
Published: March 16, 2022
Torchmark reported fiscal year 2021 executive compensation information on March 16, 2022.
In 2021, six Torchmark executives received on average a compensation package of $4.7M, a 8% decrease compared to previous year.
Average pay of disclosed executives at Torchmark
Gary L. Coleman, Chief Executive Officer, received $8.4M in total, which decreased by 9% compared to 2020. 39% of Coleman's compensation, or $3.2M, was in stock awards. Coleman also received $1.5M in non-equity incentive plan, $2.5M in option awards, $1M in salary, as well as $68K in other compensation.
For fiscal year 2021, the median employee pay was $56,843 at Torchmark. Therefore, the ratio of Gary L. Coleman's pay to the median employee pay was 147 to one.
Larry M. Hutchison, Chief Executive Officer, received a compensation package of $8.3M, which decreased by 1% compared to previous year. 39% of the compensation package, or $3.2M, was in stock awards.
Frank M. Svoboda, Chief Financial Officer, earned $3.7M in 2021, a 14% decrease compared to previous year.
J. Matthew Darden, Executive Vice President Chief Strategy Officer, received $3.1M in 2021, which increases by 3% compared to 2020.
Steven K. Greer, Chief Executive Officer, earned $2.5M in 2021, a 4% decrease compared to previous year.
Michael C. Majors, Executive Vice President - Administration & Investor Relations, received $2.4M in 2021.
Related executives
Gary Coleman
Torchmark
Chief Executive Officer
Larry Hutchison
Torchmark
Chief Executive Officer
Frank Svoboda
Torchmark
Chief Financial Officer
J Darden
Torchmark
Executive Vice President Chief Strategy Officer
Steven Greer
Torchmark
Chief Executive Officer
Michael Majors
Torchmark
Executive Vice President - Administration & Investor Relations
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Source: SEC filing on March 16, 2022.