Patrick Industries CEO Todd Cleveland's 2018 pay falls 42% to $6.9M

Patrick Industries reports 2018 executive compensation

Patrick Industries reported fiscal year 2018 executive compensation information on April 15, 2019.

In 2018, five executives at Patrick Industries received on average a compensation package of $2.9M, a 38% decrease compared to previous year.

Average pay of disclosed executives at Patrick Industries

Todd M. Cleveland, Chief Executive Officer, received $6.9M in total, which decreased by 42% compared to 2017. 60.86% of Cleveland's compensation, or $4.2M, was in stock awards. Cleveland also received $2M in non-equity incentive plan, $690.4K in salary, as well as $14.8K in other compensation.

For fiscal year 2018, the median employee pay was $36,255 at Patrick Industries. Therefore, the ratio of Todd M. Cleveland's pay to the median employee pay was 189 to one.

Andy L. Nemeth, President, received a compensation package of $2.8M, which decreased by 43% compared to previous year. 50.06% of the compensation package, or $1.4M, was in stock awards.

Kip B. Ellis, Chief Operating Officer, earned $1.9M in 2018, a 3% decrease compared to previous year.

Jeffrey M. Rodino, Chief Sales Officer and Executive Vice President of Sales, received $1.8M in 2018, which decreases by 43% compared to 2017.

Joshua A. Boone, Chief Financial Officer, earned $1.3M in 2018, a 20% decrease compared to previous year.