Toro reports 2018 executive compensation
CEO Richard M. Olson receives $5.1M
Toro reported fiscal year 2018 executive compensation information on February 5, 2019.
In 2018, five Toro executives received on average a compensation package of $2,154,493, a 15% decrease compared to previous year.Average pay of disclosed executives at Toro
Richard M. Olson, Chief Executive Officer, received $5,073,126 in total, which is about the same as previous year. 31.07% of Olson's compensation, or $1,576,140, was in stock awards. Olson also received $918,803 in non-equity incentive plan, $1,531,904 in option awards, $875,000 in salary, as well as $171,279 in other compensation.
Renee J. Peterson, Chief Financial Officer, received a compensation package of $1,868,878, which decreased by 10% compared to previous year. 27.82% of the compensation package, or $520,000, was in salary.
William E. Brown, Jr, Chief Technology Officer, earned $1,418,614 in 2018, a 9% decrease compared to previous year.
Timothy P. Dordell, General Counsel, received $1,369,219 in 2018, which decreases by 8% compared to 2017.
Bradley A. Hamilton, Group VP, Commercial, International and Irrigation Businesses, earned $1,042,629 in 2018.
Toro's fiscal year ends on October 31.