Matrix Service Company CEO John Hewitt's 2019 pay jumps 37% to $3.3M
Matrix Service Company reports 2019 executive compensation
By ExecPay News
Published: September 26, 2019
Matrix Service Company reported fiscal year 2019 executive compensation information on September 26, 2019.
In 2019, five executives at Matrix Service Company received on average a compensation package of $1.7M, a 36% increase compared to previous year.
Average pay of disclosed executives at Matrix Service Company
John R. Hewitt, Chief Executive Officer, received $3.3M in total, which increased by 37% compared to 2018. 60% of Hewitt's compensation, or $1.9M, was in stock awards. Hewitt also received $487K in non-equity incentive plan, $790K in salary, as well as $33K in other compensation.
For fiscal year 2019, the median employee pay was $88,688 at Matrix Service Company. Therefore, the ratio of John R. Hewitt's pay to the median employee pay was 37 to one.
Joseph F. Montalbano, Chief Operating Officer, received a compensation package of $1.5M, which increased by 35% compared to previous year. 48% of the compensation package, or $725K, was in stock awards.
Kevin S. Cavanah, Chief Financial Officer, earned $1.4M in 2019, a 40% increase compared to previous year.
Alan R. Updyke, President, Matrix Service Inc, received $1.1M in 2019.
Jason W. Turner, President, Matrix North American Construction, earned $997K in 2019, a 32% increase compared to previous year.
Matrix Service Company's fiscal year ends on June 30.
Related executives
John Hewitt
Matrix Service Company
Chief Executive Officer
Joseph Montalbano
Matrix Service Company
Chief Operating Officer
Kevin Cavanah
Matrix Service Company
Chief Financial Officer
Alan Updyke
Matrix Service Company
Chief Operating Officer
Jason Turner
Matrix Service Company
President, Matrix North American Construction
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Source: SEC filing on September 26, 2019.