Saia CEO Frederick Holzgrefe's 2021 pay jumps 119% to $4.9M
Saia reports 2021 executive compensation
By ExecPay News
Published: March 21, 2022
Saia reported fiscal year 2021 executive compensation information on March 21, 2022.
In 2021, five Saia executives received on average a compensation package of $2.2M, a 66% increase compared to previous year.
Average pay of disclosed executives at Saia
Frederick J. Holzgrefe, III, Chief Executive Officer, received $4.9M in total, which increased by 119% compared to 2020. 40% of Holzgrefe's compensation, or $2M, was in stock awards. Holzgrefe also received $1.7M in non-equity incentive plan, $405K in option awards, $825K in salary, as well as $76K in other compensation.
For fiscal year 2021, the median employee pay was $63,083 at Saia. Therefore, the ratio of Frederick J. Holzgrefe, III's pay to the median employee pay was 78 to one.
Raymond R. Ramu, Executive Vice President & Chief Customer Officer, received a compensation package of $2M, which increased by 42% compared to previous year. 35% of the compensation package, or $717K, was in non-equity incentive plan.
Douglas L. Col, Chief Financial Officer, earned $1.8M in 2021, a 28% increase compared to previous year.
Patrick D. Sugar, Executive Vice President Operations, received $1.4M in 2021.
Rohit Lal, Executive Vice President & Chief Information Officer, earned $1M in 2021.
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Source: SEC filing on March 21, 2022.