Toro CEO Richard Olson's 2018 pay stays at $5.1M

Toro reports 2018 executive compensation

By ExecPay News

Published: February 5, 2019

Toro reported fiscal year 2018 executive compensation information on February 5, 2019.

In 2018, five Toro executives received on average a compensation package of $2.2M, a 15% decrease compared to previous year.

Average pay of disclosed executives at Toro

Richard M. Olson, Chief Executive Officer, received $5.1M in total, which is about the same as previous year. 31.07% of Olson's compensation, or $1.6M, was in stock awards. Olson also received $918.8K in non-equity incentive plan, $1.5M in option awards, $875K in salary, as well as $171.3K in other compensation.

Renee J. Peterson, Chief Financial Officer, received a compensation package of $1.9M, which decreased by 10% compared to previous year. 27.82% of the compensation package, or $520K, was in salary.

William E. Brown, Jr, Group VP, Residential and Contractor Businesses, earned $1.4M in 2018, a 9% decrease compared to previous year.

Timothy P. Dordell, General Counsel, received $1.4M in 2018, which decreases by 8% compared to 2017.

Bradley A. Hamilton, Group VP, Commercial, International and Irrigation Businesses, earned $1M in 2018.

Toro's fiscal year ends on October 31.