MSC CEO Erik Gershwind's 2020 pay rises 12% to $4.3M
MSC reports 2020 executive compensation
By ExecPay News
Published: December 17, 2020
MSC reported fiscal year 2020 executive compensation information on December 17, 2020.
In 2020, six MSC executives received on average a compensation package of $1.5M, a 9% decrease compared to previous year.
Average pay of disclosed executives at MSC
Erik Gershwind, Chief Executive Officer, received $4.3M in total, which increased by 12% compared to 2019. 75% of Gershwind's compensation, or $3.2M, was in stock awards. Gershwind also received $375K in non-equity incentive plan, $697K in salary, as well as $23K in other compensation.
Douglas Jones, Executive Vice President and Chief Supply Chain Officer, received a compensation package of $1.1M, which increased by 5% compared to previous year. 49% of the compensation package, or $550K, was in stock awards.
Rustom Jilla, Chief Financial Officer, earned $1.1M in 2020, a 25% decrease compared to previous year.
Steve Armstrong, General Counsel, received $983K in 2020, which decreases by 6% compared to 2019.
Edward Martin, Senior Vice President, Sales, earned $973K in 2020.
Gregory Clark, Chief Financial Officer, received $502K in 2020.
MSC's fiscal year ends on September 3.
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Source: SEC filing on December 17, 2020.