Steelcase CEO James Keane's 2020 pay jumps 21% to $7.8M
Steelcase reports 2020 executive compensation
By ExecPay News
Published: June 3, 2020
Steelcase reported fiscal year 2020 executive compensation information on June 3, 2020.
In 2020, five Steelcase executives received on average a compensation package of $3.2M, a 23% increase compared to previous year.
Average pay of disclosed executives at Steelcase
James P. Keane, Chief Executive Officer, received $7.8M in total, which increased by 21% compared to 2019. 50% of Keane's compensation, or $3.9M, was in non-equity incentive plan. Keane also received $143K of change in pension value and nonqualified deferred compensation earnings, $1.1M in salary, $2.4M in stock awards, as well as $308K in other compensation.
For fiscal year 2020, the median employee pay was $59,247 at Steelcase. Therefore, the ratio of James P. Keane's pay to the median employee pay was 131 to one.
David C. Sylvester, Chief Financial Officer, received a compensation package of $2.8M, which increased by 18% compared to previous year. 46% of the compensation package, or $1.3M, was in non-equity incentive plan.
Sara E. Armbruster, Vice President, Strategy, Research and, earned $2M in 2020, a 41% increase compared to previous year.
Lizbeth S. O'Shaughnessy, Chief Administrative Officer, received $1.9M in 2020, which increases by 19% compared to 2019.
Allan W. Smith, Jr, Vice President, Global Marketing, earned $1.6M in 2020, a 25% increase compared to previous year.
Steelcase's fiscal year ends on February 24.
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Source: SEC filing on June 3, 2020.