Matrix Service Company CEO John Hewitt's 2022 pay jumps 34% to $3.5M
Matrix Service Company reports 2022 executive compensation
By ExecPay News
Published: October 24, 2022
Matrix Service Company reported fiscal year 2022 executive compensation information on October 24, 2022.
In 2022, five executives at Matrix Service Company received on average a compensation package of $1.6M, a 28% increase compared to previous year.
Average pay of disclosed executives at Matrix Service Company
John R. Hewitt, Chief Executive Officer, received $3.5M in total, which increased by 34% compared to 2021. 76% of Hewitt's compensation, or $2.6M, was in stock awards. Hewitt also received $794K in salary and $35K in other compensation.
For fiscal year 2022, the median employee pay was $83,811 at Matrix Service Company. Therefore, the ratio of John R. Hewitt's pay to the median employee pay was 41 to one.
Alan R. Updyke, Chief Operating Officer, received a compensation package of $1.4M, which increased by 25% compared to previous year. 63% of the compensation package, or $898K, was in stock awards.
Kevin S. Cavanah, Chief Financial Officer, earned $1.3M in 2022, a 25% increase compared to previous year.
Bradley J. Rinehart, Former President, Matrix Service Inc, received $960K in 2022, which increases by 22% compared to 2021.
Glyn A. Rodgers, President, Matrix PDM Engineering, earned $872K in 2022, a 21% 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
Alan Updyke
Matrix Service Company
Chief Operating Officer
Kevin Cavanah
Matrix Service Company
Chief Financial Officer
Bradley Rinehart
Matrix Service Company
Former President, Matrix Service Inc
Glyn Rodgers
Matrix Service Company
President, Matrix PDM Engineering
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Source: SEC filing on October 24, 2022.