Schnitzer Steel CEO Tamara Lundgren's 2019 pay falls 35% to $5.9M
Schnitzer Steel reports 2019 executive compensation
By ExecPay News
Published: December 18, 2019
Schnitzer Steel reported fiscal year 2019 executive compensation information on December 18, 2019.
In 2019, five executives at Schnitzer Steel received on average a compensation package of $2.5M, a 30% decrease compared to previous year.
Average pay of disclosed executives at Schnitzer Steel
Tamara L. Lundgren, Chief Executive Officer, received $5.9M in total, which decreased by 35% compared to 2018. 61% of Lundgren's compensation, or $3.6M, was in stock awards. Lundgren also received $325K of change in pension value and nonqualified deferred compensation earnings, $790K in non-equity incentive plan, $1.1M in salary, as well as $82K in other compensation.
For fiscal year 2019, the median employee pay was $57,732 at Schnitzer Steel. Therefore, the ratio of Tamara L. Lundgren's pay to the median employee pay was 103 to one.
Richard D. Peach, Chief Financial Officer, received a compensation package of $2M, which decreased by 27% compared to previous year. 48% of the compensation package, or $960K, was in stock awards.
Michael R. Henderson, Senior Vice President and Co-President, AMR and CSS, earned $1.6M in 2019, a 28% decrease compared to previous year.
Steven G. Heiskell, Senior Vice President and Co-President, AMR, received $1.5M in 2019, which decreases by 19% compared to 2018.
Jeffrey Dyck, Senior Vice President and Co-President, CSS, earned $1.2M in 2019, a 25% decrease compared to previous year.
Schnitzer Steel's fiscal year ends on August 31.
Related executives
Tamara Lundgren
Schnitzer Steel
Chief Executive Officer
Richard Peach
Schnitzer Steel
Chief Financial Officer
Michael Henderson
Schnitzer Steel
Senior Vice President and President, Operations
Steven Heiskell
Schnitzer Steel
Senior Vice President and President, Products & Services
Jeffrey Dyck
Schnitzer Steel
Senior Vice President and Co-President, CSS
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Source: SEC filing on December 18, 2019.