Thor Industries CEO Robert Martin's 2021 pay jumps 156% to $19M
Thor Industries reports 2021 executive compensation
By ExecPay News
Published: November 3, 2021
Thor Industries reported fiscal year 2021 executive compensation information on November 3, 2021.
In 2021, five executives at Thor Industries received on average a compensation package of $7.4M, a 87% increase compared to previous year.
Average pay of disclosed executives at Thor Industries
Robert W. Martin, Chief Executive Officer, received $19M in total, which increased by 156% compared to 2020. 51% of Martin's compensation, or $9.7M, was in non-equity incentive plan. Martin also received $750K in salary and $8.6M in stock awards.
For fiscal year 2021, the median employee pay was $78,339 at Thor Industries. Therefore, the ratio of Robert W. Martin's pay to the median employee pay was 244 to one.
Colleen Zuhl, Chief Financial Officer, received a compensation package of $6.7M, which increased by 91% compared to previous year. 48% of the compensation package, or $3.2M, was in stock awards.
Todd Woelfer, General Counsel, earned $6.1M in 2021, a 97% increase compared to previous year.
Kenneth D. Julian, Senior Vice President of Administration & Human Resources, received $3.7M in 2021, which increases by 119% compared to 2020.
Josef Hjelmaker, Chief Innovation Officer, earned $1.3M in 2021.
Thor Industries' fiscal year ends on July 31.
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Source: SEC filing on November 3, 2021.