Mccormick & Co CEO Lawrence Kurzius' 2022 pay slips 18% to $10M
Mccormick & Co reports 2022 executive compensation
By ExecPay News
Published: February 17, 2023
Mccormick & Co reported fiscal year 2022 executive compensation information on February 17, 2023.
In 2022, five executives at Mccormick & Co received on average a compensation package of $4.3M, a 21% decrease compared to previous year.
Average pay of disclosed executives at Mccormick & Co
Lawrence E. Kurzius, Chief Executive Officer, received $10M in total, which decreased by 18% compared to 2021. 41% of Kurzius' compensation, or $4.3M, was in stock awards. Kurzius also received $103K in non-equity incentive plan, $4.3M in option awards, $1.3M in salary, as well as $473K in other compensation.
For fiscal year 2022, the median employee pay was $38,724 at Mccormick & Co. Therefore, the ratio of Lawrence E. Kurzius' pay to the median employee pay was 269 to one.
Michael R. Smith, Chief Financial Officer, received a compensation package of $3.3M, which decreased by 22% compared to previous year. 35% of the compensation package, or $1.2M, was in stock awards.
Brendan M. Foley, Chief Operating Officer, earned $3.2M in 2022, a 19% decrease compared to previous year.
Jeffery D. Schwartz, General Counsel, received $2.4M in 2022, which decreases by 20% compared to 2021.
Malcolm Swift, Chief Administrative Officer, earned $2.4M in 2022, a 33% decrease compared to previous year.
Mccormick & Co's fiscal year ends on November 30.
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Source: SEC filing on February 17, 2023.