Group 1 Automotive CEO Earl Hesterberg's 2021 pay rises 18% to $8.6M
Group 1 Automotive reports 2021 executive compensation
By ExecPay News
Published: April 12, 2022
Group 1 Automotive reported fiscal year 2021 executive compensation information on April 12, 2022.
In 2021, five executives at Group 1 Automotive received on average a compensation package of $3.9M, a 13% increase compared to previous year.
Average pay of disclosed executives at Group 1 Automotive
Earl J. Hesterberg, Chief Executive Officer, received $8.6M in total, which increased by 18% compared to 2020. 44% of Hesterberg's compensation, or $3.8M, was in stock awards. Hesterberg also received $849K of change in pension value and nonqualified deferred compensation earnings, $2.5M in non-equity incentive plan, $1.2M in salary, as well as $208K in other compensation.
For fiscal year 2021, the median employee pay was $54,880 at Group 1 Automotive. Therefore, the ratio of Earl J. Hesterberg's pay to the median employee pay was 156 to one.
Daryl A. Kenningham, President, U.S. and Brazilian Operations, received a compensation package of $4.4M, which decreased by 1% compared to previous year. 45% of the compensation package, or $2M, was in stock awards.
Frank Grese, Jr, Senior Vice President, Human Resources, Training and Operations Support, earned $2.5M in 2021, a 13% increase compared to previous year.
Peter C. DeLongchamps, Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs, received $2.1M in 2021, which increases by 14% compared to 2020.
Daniel J. McHenry, Chief Financial Officer, earned $1.8M in 2021, a 50% increase compared to previous year.
Related executives
Earl Hesterberg
Group 1 Automotive
Chief Executive Officer
Daryl Kenningham
Group 1 Automotive
President, U.S. and Brazilian Operations
Daniel McHenry
Group 1 Automotive
Chief Financial Officer
Frank Grese
Group 1 Automotive
Senior Vice President, Human Resources, Training and Operations Support
Peter DeLongchamps
Group 1 Automotive
Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs
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Source: SEC filing on April 12, 2022.