Olympic Steel CEO Richard Marabito's 2021 pay jumps 296% to $3.6M
Olympic Steel reports 2021 executive compensation
By ExecPay News
Published: April 1, 2022
Olympic Steel reported fiscal year 2021 executive compensation information on April 1, 2022.
In 2021, five executives at Olympic Steel received on average a compensation package of $2M, a 220% increase compared to previous year.
Average pay of disclosed executives at Olympic Steel
Richard T. Marabito, Chief Executive Officer, received $3.6M in total, which increased by 296% compared to 2020. 68% of Marabito's compensation, or $2.5M, was in non-equity incentive plan. Marabito also received $735K in salary and $417K in other compensation.
For fiscal year 2021, the median employee pay was $60,488 at Olympic Steel. Therefore, the ratio of Richard T. Marabito's pay to the median employee pay was 60 to one.
Andrew S. Greiff, Chief Operating Officer, received a compensation package of $3.3M, which increased by 200% compared to previous year. 68% of the compensation package, or $2.2M, was in non-equity incentive plan.
Richard A. Manson, Chief Financial Officer, earned $2.1M in 2021, a 279% increase compared to previous year.
Lisa K. Christen, Treasurer, received $704K in 2021, which increases by 229% compared to 2020.
Michael D. Siegal, Chairman, earned $431K in 2021, a 9% increase compared to previous year.
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Source: SEC filing on April 1, 2022.