Toro CEO Richard Olson's 2022 pay slips 15% to $7.3M
Toro reports 2022 executive compensation
By ExecPay News
Published: February 7, 2023
Toro reported fiscal year 2022 executive compensation information on February 7, 2023.
In 2022, five Toro executives received on average a compensation package of $3.3M, a 6% decrease compared to previous year.
Average pay of disclosed executives at Toro
Richard M. Olson, Chief Executive Officer, received $7.3M in total, which decreased by 15% compared to 2021. 34% of Olson's compensation, or $2.5M, was in option awards. Olson also received $975K in non-equity incentive plan, $1.1M in salary, $2.5M in stock awards, as well as $254K in other compensation.
For fiscal year 2022, the median employee pay was $44,122 at Toro. Therefore, the ratio of Richard M. Olson's pay to the median employee pay was 166 to one.
Kevin N. Carpenter, Vice President, Global Operations and Integrated Supply Chain, received a compensation package of $3.4M. 59% of the compensation package, or $2M, was in stock awards.
Renee J. Peterson, Chief Financial Officer, earned $2.4M in 2022, a 15% decrease compared to previous year.
Richard W. Rodier, Group Vice President,, received $1.9M in 2022, which decreases by 22% compared to 2021.
Amy E. Dahl, General Counsel, earned $1.6M in 2022, a 18% decrease compared to previous year.
Toro's fiscal year ends on October 31.
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Source: SEC filing on February 7, 2023.