Toughbuilt Industries CEO Michael Panosian's 2022 pay jumps 212% to $1.4M
Toughbuilt Industries reports 2022 executive compensation
By ExecPay News
Published: October 30, 2023
Toughbuilt Industries reported fiscal year 2022 executive compensation information on October 30, 2023.
In 2022, four executives at Toughbuilt Industries received on average a compensation package of $892K, a 156% increase compared to previous year.
Average pay of disclosed executives at Toughbuilt Industries
Michael Panosian, Chief Executive Officer, received $1.4M in total, which increased by 212% compared to 2021. 56% of Panosian's compensation, or $813K, was in option awards. Panosian also received $635K in salary.
Josh Keeler, Chief Design Officer, received a compensation package of $1.1M, which increased by 144% compared to previous year. 54% of the compensation package, or $620K, was in salary.
Martin Galstyan, Chief Financial Officer, earned $485K in 2022, a 111% increase compared to previous year.
Zareh Khachatoorian, Chief Operating Officer, received $485K in 2022, which increases by 111% compared to 2021.
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Source: SEC filing on October 30, 2023.