Toll Brothers CEO Douglas Yearley's 2019 pay rises 8% to $11M
Toll Brothers reports 2019 executive compensation
By ExecPay News
Published: February 3, 2020
Toll Brothers reported fiscal year 2019 executive compensation information on February 3, 2020.
In 2019, four executives at Toll Brothers received on average a compensation package of $5.7M, a 2% increase compared to previous year.
Average pay of disclosed executives at Toll Brothers
Douglas C. Yearley, Jr, Chief Executive Officer, received $11M in total, which increased by 8% compared to 2018. 42% of Yearley's compensation, or $4.5M, was in stock awards. Yearley also received $519K of change in pension value and nonqualified deferred compensation earnings, $3.1M in non-equity incentive plan, $1.5M in option awards, $1M in salary, as well as $44K in other compensation.
For fiscal year 2019, the median employee pay was $70,089 at Toll Brothers. Therefore, the ratio of Douglas C. Yearley, Jr's pay to the median employee pay was 153 to one.
Richard T. Hartman, Chief Operating Officer, received a compensation package of $6M, which increased by 51% compared to previous year. 46% of the compensation package, or $2.8M, was in stock awards.
Martin P. Connor, Chief Financial Officer, earned $4.1M in 2019, a 14% increase compared to previous year.
John K. McDonald, General Counsel, received $1.8M in 2019.
Toll Brothers' fiscal year ends on October 31.
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Source: SEC filing on February 3, 2020.