Mccormick & Co CEO Lawrence Kurzius' 2018 pay jumps 64% to $15M
Mccormick & Co reports 2018 executive compensation
By ExecPay News
Published: February 14, 2019
Mccormick & Co reported fiscal year 2018 executive compensation information on February 14, 2019.
In 2018, five executives at Mccormick & Co received on average a compensation package of $6.2M, a 67% increase compared to previous year.
Average pay of disclosed executives at Mccormick & Co
Lawrence E. Kurzius, Chief Executive Officer, received $15M in total, which increased by 64% compared to 2017. 58% of Kurzius' compensation, or $8.6M, was in stock awards. Kurzius also received $3.4M in non-equity incentive plan, $1.3M in option awards, $1.2M in salary, as well as $327K in other compensation.
For fiscal year 2018, the median employee pay was $35,946 at Mccormick & Co. Therefore, the ratio of Lawrence E. Kurzius' pay to the median employee pay was 413 to one.
Brendan M. Foley, President, Global Consumer and Americas, received a compensation package of $5.8M, which increased by 129% compared to previous year. 61% of the compensation package, or $3.6M, was in stock awards.
Michael R. Smith, Chief Financial Officer, earned $5.2M in 2018, a 74% increase compared to previous year.
Jeffery D. Schwartz, General Counsel, received $2.8M in 2018, which increases by 68% compared to 2017.
Malcolm Swift, President, Flavor Solutions and McCormick International, earned $2.5M in 2018, a 3% increase compared to previous year.
Mccormick & Co's fiscal year ends on November 30.
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Source: SEC filing on February 14, 2019.