Toro CEO Richard Olson's 2021 pay jumps 44% to $8.6M
Toro reports 2021 executive compensation
By ExecPay News
Published: February 2, 2022
Toro reported fiscal year 2021 executive compensation information on February 2, 2022.
In 2021, five Toro executives received on average a compensation package of $3.5M, a 51% increase compared to previous year.
Average pay of disclosed executives at Toro
Richard M. Olson, Chief Executive Officer, received $8.6M in total, which increased by 44% compared to 2020. 31% of Olson's compensation, or $2.7M, was in option awards. Olson also received $2.1M in non-equity incentive plan, $1M in salary, $2.5M in stock awards, as well as $301K in other compensation.
For fiscal year 2021, the median employee pay was $47,443 at Toro. Therefore, the ratio of Richard M. Olson's pay to the median employee pay was 182 to one.
Renee J. Peterson, Chief Financial Officer, received a compensation package of $2.8M, which increased by 62% compared to previous year. 27% of the compensation package, or $756K, was in non-equity incentive plan.
Richard W. Rodier, Group Vice President, Construction, Contractor and Residential Businesses, earned $2.4M in 2021, a 56% increase compared to previous year.
Amy E. Dahl, General Counsel, received $2M in 2021, which increases by 66% compared to 2020.
Bradley A. Hamilton, Group Vice President, Commercial, International, Ventrac and Irrigation Businesses, earned $1.8M in 2021, a 51% increase compared to previous year.
Toro's fiscal year ends on October 31.
Related executives
You may also like
Source: SEC filing on February 2, 2022.