Steelcase CEO James Keane's 2021 pay slips 5% to $7.4M
Steelcase reports 2021 executive compensation
By ExecPay News
Published: June 2, 2021
Steelcase reported fiscal year 2021 executive compensation information on June 2, 2021.
In 2021, five Steelcase executives received on average a compensation package of $2.7M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Steelcase
James P. Keane, Chief Executive Officer, received $7.4M in total, which decreased by 5% compared to 2020. 65% of Keane's compensation, or $4.8M, was in stock awards. Keane also received $18K of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $740K in salary, as well as $231K in other compensation.
For fiscal year 2021, the median employee pay was $35,426 at Steelcase. Therefore, the ratio of James P. Keane's pay to the median employee pay was 209 to one.
David C. Sylvester, Chief Financial Officer, received a compensation package of $2.3M, which decreased by 18% compared to previous year. 54% of the compensation package, or $1.2M, was in stock awards.
Lizbeth S. O'Shaughnessy, Chief Administrative Officer, earned $1.5M in 2021, a 19% decrease compared to previous year.
Sara E. Armbruster, Executive Vice President, received $1.3M in 2021, which decreases by 32% compared to 2020.
Allan W. Smith, Jr, Vice President, Global Marketing, earned $1.2M in 2021, a 29% decrease compared to previous year.
Steelcase's fiscal year ends on February 24.
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Source: SEC filing on June 2, 2021.