Nucor CEO Leon Topalian's 2021 pay rises 3% to $12M
Nucor reports 2021 executive compensation
By ExecPay News
Published: March 25, 2022
Nucor reported fiscal year 2021 executive compensation information on March 25, 2022.
In 2021, five Nucor executives received on average a compensation package of $6.5M, a 18% decrease compared to previous year.
Average pay of disclosed executives at Nucor
Leon J. Topalian, Chief Executive Officer, received $12M in total, which increased by 3% compared to 2020. 34% of Topalian's compensation, or $4M, was in non-equity incentive plan. Topalian also received $1.8M in option awards, $1M in salary, $3.9M in stock awards, as well as $928K in other compensation.
For fiscal year 2021, the median employee pay was $142,635 at Nucor. Therefore, the ratio of Leon J. Topalian's pay to the median employee pay was 81 to one.
Douglas J. Jellison, Executive Vice President, received a compensation package of $6.4M. 49% of the compensation package, or $3.1M, was in other compensation.
David A. Sumoski, Chief Operating Officer, earned $5.2M in 2021, a 23% decrease compared to previous year.
James D. Frias, Chief Financial Officer, received $5M in 2021, which decreases by 40% compared to 2020.
D. Chad Utermark, Executive Vice President, earned $4.4M in 2021, a 36% decrease compared to previous year.
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Source: SEC filing on March 25, 2022.