LKQ CEO Dominick Zarcone's 2020 pay jumps 22% to $7.8M
LKQ reports 2020 executive compensation
By ExecPay News
Published: March 22, 2021
LKQ reported fiscal year 2020 executive compensation information on March 22, 2021.
In 2020, five LKQ executives received on average a compensation package of $3.6M, a 2% increase compared to previous year.
Average pay of disclosed executives at LKQ
Dominick Zarcone, Chief Executive Officer, received $7.8M in total, which increased by 22% compared to 2019. 48% of Zarcone's compensation, or $3.8M, was in stock awards. Zarcone also received $3M in non-equity incentive plan, $963K in salary, as well as $127K in other compensation.
For fiscal year 2020, the median employee pay was $30,292 at LKQ. Therefore, the ratio of Dominick Zarcone's pay to the median employee pay was 259 to one.
Varun Laroyia, Chief Financial Officer, received a compensation package of $3.3M, which increased by 20% compared to previous year. 45% of the compensation package, or $1.5M, was in stock awards.
Justin L. Jude, Senior Vice President of Operations -- Wholesale Parts Division, earned $2.3M in 2020, a 6% increase compared to previous year.
Arnd Franz, Chief Executive Officer, received $2.2M in 2020, which decreases by 43% compared to 2019.
Walter P. Hanley, Senior Vice President - Development, earned $2.2M in 2020, which is about the same as previous year.
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Source: SEC filing on March 22, 2021.