La-Z-Boy CEO Kurt Darrow's 2019 pay jumps 48% to $6.6M

La-Z-Boy reports 2019 executive compensation

By ExecPay News

Published: July 16, 2019

La-Z-Boy reported fiscal year 2019 executive compensation information on July 16, 2019.
In 2019, six La-Z-Boy executives received on average a compensation package of $2.5M, a 28% increase compared to previous year.
Average pay of disclosed executives at La-Z-Boy
Kurt L. Darrow, Chief Executive Officer, received $6.6M in total, which increased by 48% compared to 2018. 28.07% of Darrow's compensation, or $1.8M, was in non-equity incentive plan. Darrow also received $1.3M in option awards, $1M in salary, $1.3M in stock awards, as well as $1.1M in other compensation.
For fiscal year 2019, the median employee pay was $35,423 at La-Z-Boy. Therefore, the ratio of Kurt L. Darrow's pay to the median employee pay was 185 to one.
Melinda D. Whittington, Chief Financial Officer, received a compensation package of $2.4M. 41.58% of the compensation package, or $1M, was in stock awards.
Darrell D. Edwards, Chief Operating Officer, earned $2M in 2019, a 48% increase compared to previous year.
J. Douglas Collier, Former Senior Vice President, Chief Commercial Officer President, International, received $2M in 2019, which increases by 47% compared to 2018.
Otis S. Sawyer, Senior Vice President President of La-Z-Boy Portfolio Brands, earned $1.5M in 2019, a 26% increase compared to previous year.
Louis M. Riccio Jr, Chief Financial Officer, received $351.4K in 2019, which decreases by 74% compared to 2018.
La-Z-Boy's fiscal year ends on April 27.

Related executives

Kurt Darrow

La-Z-Boy

Chief Executive Officer

Melinda Whittington

La-Z-Boy

Chief Financial Officer

Darrell Edwards

La-Z-Boy

Chief Operating Officer

J Collier

La-Z-Boy

Former Senior Vice President, Chief Commercial Officer President, International

Otis Sawyer

La-Z-Boy

Senior Vice President President of La-Z-Boy Portfolio Brands

Louis Riccio

La-Z-Boy

Chief Financial Officer

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Source: SEC filing on July 16, 2019.