Toro CEO Richard Olson's 2019 pay rises 4% to $5.3M
Toro reports 2019 executive compensation
By ExecPay News
Published: February 4, 2020
Toro reported fiscal year 2019 executive compensation information on February 4, 2020.
In 2019, five Toro executives received on average a compensation package of $2.1M, a 2% decrease compared to previous year.
Average pay of disclosed executives at Toro
Richard M. Olson, Chief Executive Officer, received $5.3M in total, which increased by 4% compared to 2018. 36% of Olson's compensation, or $1.9M, was in stock awards. Olson also received $607K in non-equity incentive plan, $1.6M in option awards, $925K in salary, as well as $182K in other compensation.
For fiscal year 2019, the median employee pay was $48,319 at Toro. Therefore, the ratio of Richard M. Olson's pay to the median employee pay was 109 to one.
Renee J. Peterson, Chief Financial Officer, received a compensation package of $1.8M, which decreased by 6% compared to previous year. 30% of the compensation package, or $536K, was in salary.
Timothy P. Dordell, General Counsel, earned $1.3M in 2019, a 8% decrease compared to previous year.
Bradley A. Hamilton, Group VP, Commercial, International and Irrigation, received $1.2M in 2019, which increases by 13% compared to 2018.
Richard W. Rodier, Group VP, Construction, earned $1.1M in 2019.
Toro's fiscal year ends on October 31.
Related executives
You may also like
Source: SEC filing on February 4, 2020.