Sherwin Williams CEO John Morikis' 2019 pay rises 12% to $15M
Sherwin Williams reports 2019 executive compensation
By ExecPay News
Published: March 9, 2020
Sherwin Williams reported fiscal year 2019 executive compensation information on March 9, 2020.
In 2019, five executives at Sherwin Williams received on average a compensation package of $6.1M, a 20% increase compared to previous year.
Average pay of disclosed executives at Sherwin Williams
John G. Morikis, Chief Executive Officer, received $15M in total, which increased by 12% compared to 2018. 42% of Morikis' compensation, or $6.3M, was in stock awards. Morikis also received $2.6M in non-equity incentive plan, $4.1M in option awards, $1.3M in salary, as well as $515K in other compensation.
David B. Sewell, Chief Operating Officer, received a compensation package of $4.4M, which increased by 46% compared to previous year. 34% of the compensation package, or $1.5M, was in stock awards.
Allen J. Mistysyn, Chief Financial Officer, earned $4.2M in 2019, a 24% increase compared to previous year.
Peter J. Ippolito, President, TAG, received $3.6M in 2019, which increases by 32% compared to 2018.
Aaron M. Erter, President, PCG, earned $3.6M in 2019, a 16% increase compared to previous year.
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Source: SEC filing on March 9, 2020.