Mccormick & Co CEO Lawrence Kurzius' 2021 pay falls 35% to $13M
Mccormick & Co reports 2021 executive compensation
By ExecPay News
Published: February 17, 2022
Mccormick & Co reported fiscal year 2021 executive compensation information on February 17, 2022.
In 2021, five executives at Mccormick & Co received on average a compensation package of $5.5M, a 36% decrease compared to previous year.
Average pay of disclosed executives at Mccormick & Co
Lawrence E. Kurzius, Chief Executive Officer, received $13M in total, which decreased by 35% compared to 2020. 32% of Kurzius' compensation, or $4.1M, was in stock awards. Kurzius also received $2.8M in non-equity incentive plan, $4.1M in option awards, $1.3M in salary, as well as $617K in other compensation.
For fiscal year 2021, the median employee pay was $38,004 at Mccormick & Co. Therefore, the ratio of Lawrence E. Kurzius' pay to the median employee pay was 335 to one.
Michael R. Smith, Chief Financial Officer, received a compensation package of $4.2M, which decreased by 40% compared to previous year. 26% of the compensation package, or $1.1M, was in stock awards.
Brendan M. Foley, President, Global Consumer, Americas and Asia, earned $3.9M in 2021, a 44% decrease compared to previous year.
Malcolm Swift, Chief Administrative Officer, received $3.5M in 2021, which decreases by 31% compared to 2020.
Jeffery D. Schwartz, General Counsel, earned $3M in 2021, a 31% decrease compared to previous year.
Mccormick & Co's fiscal year ends on November 30.
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Source: SEC filing on February 17, 2022.