Greif CEO Peter Watson's 2018 pay jumps 122% to $10M
Greif reports 2018 executive compensation
By ExecPay News
Published: January 11, 2019
Greif reported fiscal year 2018 executive compensation information on January 11, 2019.
In 2018, five Greif executives received on average a compensation package of $4.5M, a 91% increase compared to previous year.
Average pay of disclosed executives at Greif
Peter G. Watson, Chief Executive Officer, received $10M in total, which increased by 122% compared to 2017. 47% of Watson's compensation, or $4.8M, was in non-equity incentive plan. Watson also received $1.6M of change in pension value and nonqualified deferred compensation earnings, $1M in salary, $2.7M in stock awards, as well as $13K in other compensation.
Lawrence A. Hilsheimer, Chief Financial Officer, received a compensation package of $4.6M, which increased by 72% compared to previous year. 49% of the compensation package, or $2.2M, was in non-equity incentive plan.
Gary R. Martz, General Counsel, earned $3.6M in 2018, a 53% increase compared to previous year.
Michael Cronin, Senior Vice President and Group President, received $2.5M in 2018, which increases by 88% compared to 2017.
Ole Rosgaard, Senior Vice President and Group President, earned $1.9M in 2018, a 92% increase compared to previous year.
Greif's fiscal year ends on October 31.
Related executives
Peter Watson
Greif
Chief Executive Officer
Lawrence Hilsheimer
Greif
Chief Financial Officer
Gary Martz
Greif
General Counsel
Michael Cronin
Greif
Sr. Vice President, Enterprise Strategy, Global Sourcing and Supply Chain and Greif Packaging Accessories
Ole Rosgaard
Greif
Sr. Vice President and President Rigid Industrial Packaging & Services and Global Sustainability
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Source: SEC filing on January 11, 2019.