Schnitzer Steel CEO Tamara Lundgren's 2019 pay falls 35% to $5.9M
Schnitzer Steel reports 2019 executive compensation
By ExecPay News
Published: 5 hours ago
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. 60.79% of Lundgren's compensation, or $3.6M, was in stock awards. Lundgren also received $324.9K of change in pension value and nonqualified deferred compensation earnings, $790.3K in non-equity incentive plan, $1.1M in salary, as well as $82.3K 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. 48.17% 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
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Chief Financial Officer
Michael Henderson
Schnitzer Steel
Senior Vice President and Co-President, AMR and CSS
Steven Heiskell
Schnitzer Steel
Senior Vice President and Co-President, AMR
Jeffrey Dyck
Schnitzer Steel
Senior Vice President and Co-President, CSS
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Source: SEC filing on December 18, 2019.