Valvoline CEO Samuel Mitchell's 2021 pay rises 6% to $5.7M
Valvoline reports 2021 executive compensation
By ExecPay News
Published: December 14, 2021
Valvoline reported fiscal year 2021 executive compensation information on December 14, 2021.
In 2021, six Valvoline executives received on average a compensation package of $2M, a 5% decrease compared to previous year.
Average pay of disclosed executives at Valvoline
Samuel J. Mitchell Jr, Chief Executive Officer, received $5.7M in total, which increased by 6% compared to 2020. 40% of Mitchell's compensation, or $2.3M, was in stock awards. Mitchell also received $1.5M in non-equity incentive plan, $719K in option awards, $1M in salary, as well as $229K in other compensation.
For fiscal year 2021, the median employee pay was $63,265 at Valvoline. Therefore, the ratio of Samuel J. Mitchell Jr's pay to the median employee pay was 91 to one.
Mary E. Meixelsperger, Chief Financial Officer, received a compensation package of $2.2M, which increased by 7% compared to previous year. 30% of the compensation package, or $659K, was in non-equity incentive plan.
Julie M. O'Daniel, Chief Legal Officer, earned $1.2M in 2021, a 7% increase compared to previous year.
Anthony R. Puckett, Former Senior Vice President and President, Retail Services, received $1.1M in 2021, which decreases by 11% compared to 2020.
Craig A. Moughler, Senior Vice President and Chief Supply Chain Officer, earned $1M in 2021, a 1% increase compared to previous year.
Thomas A. Gerrald II, Senior Vice President, Global Products—North America, received $1M in 2021.
Valvoline's fiscal year ends on September 30.
Related executives
Samuel Mitchell
Valvoline
Chief Executive Officer
Mary Meixelsperger
Valvoline
Chief Financial Officer
Julie O'Daniel
Valvoline
Chief Legal Officer
Craig Moughler
Valvoline
Senior Vice President and Chief Supply Chain Officer
Thomas Gerrald
Valvoline
Senior Vice President, Global Products—North America
Anthony Puckett
Valvoline
Former Senior Vice President and President, Retail Services
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Source: SEC filing on December 14, 2021.