Lowe's Companies CEO Marvin Ellison's 2019 pay jumps 100% to $12M
Lowe's Companies reports 2019 executive compensation
By ExecPay News
Published: April 16, 2020
Lowe's Companies reported fiscal year 2019 executive compensation information on April 16, 2020.
In 2019, five executives at Lowe's Companies received on average a compensation package of $6M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Lowe's Companies
Marvin R. Ellison, Chief Executive Officer, received $12M in total, which decreased by 19% compared to 2018. 55% of Ellison's compensation, or $6.4M, was in stock awards. Ellison also received $1.3M in non-equity incentive plan, $2.1M in option awards, $1.5M in salary, as well as $427K in other compensation.
For fiscal year 2019, the median employee pay was $22,748 at Lowe's Companies. Therefore, the ratio of Marvin R. Ellison's pay to the median employee pay was 511 to one.
David M. Denton, Chief Financial Officer, received a compensation package of $5.8M, which increased by 86% compared to previous year. 56% of the compensation package, or $3.3M, was in stock awards.
Joseph M. McFarland III, Executive Vice President, Stores, earned $4.4M in 2019, a 17% increase compared to previous year.
William P. Boltz, Executive Vice President, Merchandising, received $4M in 2019.
Seemantini Godbole, Executive Vice President, Chief Information Officer, earned $4M in 2019.
Lowe's Companies' fiscal year ends on February 3.
Related executives
Marvin Ellison
Lowe's Companies
Chief Executive Officer
David Denton
Lowe's Companies
Chief Financial Officer
Joseph McFarland
Lowe's Companies
Executive Vice President, Stores
William Boltz
Lowe's Companies
Executive Vice President, Merchandising
Seemantini Godbole
Lowe's Companies
Executive Vice President, Chief Information Officer
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Source: SEC filing on April 16, 2020.