LKQ CEO Dominick Zarcone's 2019 pay jumps 62% to $6.4M
LKQ reports 2019 executive compensation
By ExecPay News
Published: March 23, 2020
LKQ reported fiscal year 2019 executive compensation information on March 23, 2020.
In 2019, six LKQ executives received on average a compensation package of $3.5M, a 31% increase compared to previous year.
Average pay of disclosed executives at LKQ
Dominick Zarcone, Chief Executive Officer, received $6.4M in total, which increased by 62% compared to 2018. 47% of Zarcone's compensation, or $3M, was in stock awards. Zarcone also received $2.4M in non-equity incentive plan, $975K in salary, as well as $80K in other compensation.
For fiscal year 2019, the median employee pay was $29,945 at LKQ. Therefore, the ratio of Dominick Zarcone's pay to the median employee pay was 215 to one.
Arnd Franz, Chief Executive Officer, received a compensation package of $3.9M. 79% of the compensation package, or $3.1M, was in stock awards.
John S. Quinn, Chief Executive Officer, earned $3.5M in 2019, a 8% decrease compared to previous year.
Varun Laroyia, Chief Financial Officer, received $2.8M in 2019, which increases by 45% compared to 2018.
Walter P. Hanley, Senior Vice President - Development, earned $2.2M in 2019, a 11% increase compared to previous year.
Justin L. Jude, Senior Vice President of Operations -- Wholesale Parts Division, received $2.2M in 2019.
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Source: SEC filing on March 23, 2020.