Thor Industries CEO Robert Martin's 2019 pay falls 40% to $9M
Thor Industries reports 2019 executive compensation
By ExecPay News
Published: October 30, 2019
Thor Industries reported fiscal year 2019 executive compensation information on October 30, 2019.
In 2019, five executives at Thor Industries received on average a compensation package of $3.3M, a 37% decrease compared to previous year.
Average pay of disclosed executives at Thor Industries
Robert W. Martin, Chief Executive Officer, received $9M in total, which decreased by 40% compared to 2018. 61% of Martin's compensation, or $5.5M, was in non-equity incentive plan. Martin also received $750K in salary and $2.8M in stock awards.
For fiscal year 2019, the median employee pay was $50,233 at Thor Industries. Therefore, the ratio of Robert W. Martin's pay to the median employee pay was 180 to one.
Colleen Zuhl, Chief Financial Officer, received a compensation package of $2.4M, which decreased by 35% compared to previous year. 44% of the compensation package, or $1.1M, was in stock awards.
Todd Woelfer, General Counsel, earned $2.1M in 2019, a 34% decrease compared to previous year.
Kenneth D. Julian, Senior Vice President of Administration and Human Resources, received $1.6M in 2019, which decreases by 33% compared to 2018.
Peter B. Orthwein, Chairman, earned $1.4M in 2019, a 32% decrease compared to previous year.
Thor Industries' fiscal year ends on July 31.
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Source: SEC filing on October 30, 2019.