Steelcase CEO James Keane's 2019 pay jumps 37% to $6.4M
Steelcase reports 2019 executive compensation
By ExecPay News
Published: May 29, 2019
Steelcase reported fiscal year 2019 executive compensation information on May 29, 2019.
In 2019, five Steelcase executives received on average a compensation package of $2.6M, a 30% increase compared to previous year.
Average pay of disclosed executives at Steelcase
James P. Keane, Chief Executive Officer, received $6.4M in total, which increased by 37% compared to 2018. 43% of Keane's compensation, or $2.8M, was in non-equity incentive plan. Keane also received $102K of change in pension value and nonqualified deferred compensation earnings, $990K in salary, $2.4M in stock awards, as well as $168K in other compensation.
For fiscal year 2019, the median employee pay was $52,961 at Steelcase. Therefore, the ratio of James P. Keane's pay to the median employee pay was 122 to one.
David C. Sylvester, Chief Financial Officer, received a compensation package of $2.4M, which increased by 26% compared to previous year. 39% of the compensation package, or $931K, was in non-equity incentive plan.
Lizbeth S. O'Shaughnessy, Chief Administrative Officer, earned $1.6M in 2019, a 14% increase compared to previous year.
Sara E. Armbruster, Vice President, Strategy, Research and, received $1.4M in 2019, which increases by 20% compared to 2018.
Allan W. Smith, Jr, Vice President, Global Marketing, earned $1.3M in 2019.
Steelcase's fiscal year ends on February 24.
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Source: SEC filing on May 29, 2019.