Griffon CEO Ronald Kramer's 2018 pay rises 17% to $14.4M

Griffon reports 2018 executive compensation

Published: December 18, 2018

Griffon reported fiscal year 2018 executive compensation information on December 18, 2018.

In 2018, four Griffon executives received on average a compensation package of $5.8M, a 22% increase compared to previous year.

Average pay of disclosed executives at Griffon

Ronald J. Kramer, Chief Executive Officer, received $14.4M in total, which increased by 17% compared to 2017. 38.32% of Kramer's compensation, or $5.5M, was in non-equity incentive plan. Kramer also received $2.3M in bonus, $1M in salary, $5.3M in stock awards, as well as $318K in other compensation.

Robert F. Mehmel, Chief Operating Officer, received a compensation package of $5.3M, which increased by 25% compared to previous year. 32.93% of the compensation package, or $1.8M, was in stock awards.

Brian G. Harris, Chief Financial Officer, earned $1.9M in 2018, a 39% increase compared to previous year.

Seth L. Kaplan, General Counsel, received $1.8M in 2018, which increases by 31% compared to 2017.

Griffon's fiscal year ends on September 30.