REX American Resources CEO Zafar Rizvi's 2021 pay jumps 519% to $2.2M
REX American Resources reports 2021 executive compensation
By ExecPay News
Published: May 6, 2022
REX American Resources reported fiscal year 2021 executive compensation information on May 6, 2022.
In 2021, three executives at REX American Resources received on average a compensation package of $1.8M, a 452% increase compared to previous year.
Average pay of disclosed executives at REX American Resources
Zafar Rizvi, Chief Executive Officer, received $2.2M in total, which increased by 519% compared to 2020. 60% of Rizvi's compensation, or $1.3M, was in non-equity incentive plan. Rizvi also received $225K in salary, $667K in stock awards, as well as $200 in other compensation.
For fiscal year 2021, the median employee pay was $49,293 at REX American Resources. Therefore, the ratio of Zafar Rizvi's pay to the median employee pay was 45 to one.
Stuart A. Rose, Chairman, received a compensation package of $1.7M, which increased by 555% compared to previous year. 60% of the compensation package, or $1M, was in non-equity incentive plan.
Douglas L. Bruggeman, Chief Financial Officer, earned $1.4M in 2021, a 306% increase compared to previous year.
REX American Resources' fiscal year ends on January 31.
Related executives
You may also like
Source: SEC filing on May 6, 2022.