Masco CEO Keith Allman's 2019 pay falls 26% to $8.7M
Masco reports 2019 executive compensation
By ExecPay News
Published: March 31, 2021
Masco reported fiscal year 2019 executive compensation information on March 31, 2021.
In 2019, six Masco executives received on average a compensation package of $3.5M, a 23% decrease compared to previous year.
Average pay of disclosed executives at Masco
Keith J. Allman, Chief Executive Officer, received $8.7M in total, which decreased by 26% compared to 2018. 41% of Allman's compensation, or $3.6M, was in stock awards. Allman also received $141K of change in pension value and nonqualified deferred compensation earnings, $1.4M in non-equity incentive plan, $2M in option awards, $1.2M in salary, as well as $270K in other compensation.
For fiscal year 2019, the median employee pay was $40,070 at Masco. Therefore, the ratio of Keith J. Allman's pay to the median employee pay was 216 to one.
John G. Sznewajs, Chief Financial Officer, received a compensation package of $3.9M, which increased by 8% compared to previous year. 29% of the compensation package, or $1.1M, was of change in pension value and nonqualified deferred compensation earnings.
Joseph B. Gross, Group President, earned $2.3M in 2019.
Richard A. O'Reagan, Group President, received $2.1M in 2019, which decreases by 21% compared to 2018.
Jai Shah, Group President, earned $2.1M in 2019, a 11% decrease compared to previous year.
Kenneth G. Cole, General Counsel, received $1.7M in 2019, which decreases by 20% compared to 2018.
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Source: SEC filing on March 31, 2021.