Schnitzer Steel CEO Tamara Lundgren's 2021 pay jumps 48% to $10M
Schnitzer Steel reports 2021 executive compensation
By ExecPay News
Published: December 15, 2021
Schnitzer Steel reported fiscal year 2021 executive compensation information on December 15, 2021.
In 2021, five executives at Schnitzer Steel received on average a compensation package of $4M, a 43% increase compared to previous year.
Average pay of disclosed executives at Schnitzer Steel
Tamara L. Lundgren, Chief Executive Officer, received $10M in total, which increased by 48% compared to 2020. 49% of Lundgren's compensation, or $5M, was in non-equity incentive plan. Lundgren also received $133K of change in pension value and nonqualified deferred compensation earnings, $1.2M in salary, $3.8M in stock awards, as well as $66K in other compensation.
For fiscal year 2021, the median employee pay was $65,991 at Schnitzer Steel. Therefore, the ratio of Tamara L. Lundgren's pay to the median employee pay was 154 to one.
Richard D. Peach, Chief Financial Officer, received a compensation package of $3.1M, which increased by 38% compared to previous year. 44% of the compensation package, or $1.4M, was in non-equity incentive plan.
Michael R. Henderson, Senior Vice President and President, Operations, earned $2.6M in 2021, a 39% increase compared to previous year.
Steven G. Heiskell, Senior Vice President and President, Products & Services, received $2.4M in 2021, which increases by 38% compared to 2020.
Peter B. Saba, General Counsel, earned $1.8M in 2021.
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
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Senior Vice President and President, Operations
Steven Heiskell
Schnitzer Steel
Senior Vice President and President, Products & Services
Peter Saba
Schnitzer Steel
General Counsel
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Source: SEC filing on December 15, 2021.