PPG Industries CEO Michael McGarry's 2019 pay jumps 28% to $15M
PPG Industries reports 2019 executive compensation
By ExecPay News
Published: March 5, 2020
PPG Industries reported fiscal year 2019 executive compensation information on March 5, 2020.
In 2019, five executives at PPG Industries received on average a compensation package of $5.2M, a 4% decrease compared to previous year.
Average pay of disclosed executives at PPG Industries
Michael H. McGarry, Chief Executive Officer, received $15M in total, which increased by 28% compared to 2018. 35% of McGarry's compensation, or $5.3M, was in stock awards. McGarry also received $3.8M of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $2.7M in option awards, $1.3M in salary, as well as $175K in other compensation.
Vincent J. Morales, Chief Financial Officer, received a compensation package of $3.8M, which increased by 63% compared to previous year. 28% of the compensation package, or $1.1M, was of change in pension value and nonqualified deferred compensation earnings.
Timothy M. Knavish, Executive Vice President, earned $3.1M in 2019, a 60% increase compared to previous year.
Rebecca B. Liebert, Executive Vice President, received $2.1M in 2019, which decreases by 63% compared to 2018.
Ramaprasad Vadlamannati, Senior Vice President, Protective and Marine Coatings and President, PPG EMEA, earned $1.9M in 2019.
Related executives
Michael McGarry
PPG Industries
Chief Executive Officer
Vincent Morales
PPG Industries
Chief Financial Officer
Timothy Knavish
PPG Industries
Executive Vice President
Rebecca Liebert
PPG Industries
Executive Vice President
Ramaprasad Vadlamannati
PPG Industries
Senior Vice President, Protective and Marine Coatings and President, PPG EMEA
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Source: SEC filing on March 5, 2020.