LKQ CEO Dominick Zarcone's 2021 pay rises 20% to $9.4M
LKQ reports 2021 executive compensation
By ExecPay News
Published: March 21, 2022
LKQ reported fiscal year 2021 executive compensation information on March 21, 2022.
In 2021, five LKQ executives received on average a compensation package of $4.3M, a 21% increase compared to previous year.
Average pay of disclosed executives at LKQ
Dominick Zarcone, Chief Executive Officer, received $9.4M in total, which increased by 20% compared to 2020. 44% of Zarcone's compensation, or $4.2M, was in stock awards. Zarcone also received $4M in non-equity incentive plan, $1.1M in salary, as well as $161K in other compensation.
For fiscal year 2021, the median employee pay was $38,982 at LKQ. Therefore, the ratio of Dominick Zarcone's pay to the median employee pay was 242 to one.
Varun Laroyia, Chief Financial Officer, received a compensation package of $4M, which increased by 21% compared to previous year. 41% of the compensation package, or $1.7M, was in non-equity incentive plan.
Arnd Franz, Chief Executive Officer, earned $2.9M in 2021, a 29% increase compared to previous year.
Justin L. Jude, Senior Vice President of Operations - Wholesale Parts Division, received $2.8M in 2021, which increases by 20% compared to 2020.
Walter P. Hanley, Senior Vice President - Development, earned $2.6M in 2021, a 15% increase compared to previous year.
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Source: SEC filing on March 21, 2022.