Rush Enterprises CEO WM Rush's 2021 pay jumps 36% to $8.5M
Rush Enterprises reports 2021 executive compensation
By ExecPay News
Published: April 4, 2022
Rush Enterprises reported fiscal year 2021 executive compensation information on April 4, 2022.
In 2021, five executives at Rush Enterprises received on average a compensation package of $3.3M, a 19% increase compared to previous year.
Average pay of disclosed executives at Rush Enterprises
W.M. "Rusty" Rush, Chief Executive Officer, received $8.5M in total, which increased by 36% compared to 2020. 36% of Rush's compensation, or $3.1M, was in bonus. Rush also received $517K in option awards, $1.5M in salary, $2.9M in stock awards, as well as $462K in other compensation.
For fiscal year 2021, the median employee pay was $70,170 at Rush Enterprises. Therefore, the ratio of W.M. "Rusty" Rush's pay to the median employee pay was 121 to one.
Michael J. McRoberts, Chief Operating Officer, received a compensation package of $2.5M, which increased by 30% compared to previous year. 42% of the compensation package, or $1M, was in stock awards.
Derrek Weaver, Executive Vice President, earned $1.9M in 2021, a 29% increase compared to previous year.
Steven L. Keller, Chief Financial Officer, received $1.9M in 2021, which increases by 28% compared to 2020.
Scott Anderson, Senior Vice President Finance Insurance and Leasing, earned $1.8M in 2021.
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Source: SEC filing on April 4, 2022.