Watsco CEO Albert Nahmad's 2019 pay jumps 57% to $11M
Watsco reports 2019 executive compensation
By ExecPay News
Published: April 24, 2020
Watsco reported fiscal year 2019 executive compensation information on April 24, 2020.
In 2019, five Watsco executives received on average a compensation package of $3.4M, a 17% increase compared to previous year.
Average pay of disclosed executives at Watsco
Albert H. Nahmad, Chief Executive Officer, received $11M in total, which increased by 57% compared to 2018. 92% of Nahmad's compensation, or $10M, was in stock awards. Nahmad also received $125 in non-equity incentive plan, $580K in salary, as well as $311K in other compensation.
For fiscal year 2019, the median employee pay was $52,908 at Watsco. Therefore, the ratio of Albert H. Nahmad's pay to the median employee pay was 212 to one.
Aaron J. Nahmad, President, received a compensation package of $4.3M, which increased by 12% compared to previous year. 87% of the compensation package, or $3.8M, was in stock awards.
Stephen F. Rush, Chief Operating Officer, earned $997K in 2019.
Barry S. Logan, Executive Vice President, received $375K in 2019, which decreases by 9% compared to 2018.
Ana M. Menendez, Chief Financial Officer, earned $303K in 2019, a 8% decrease compared to previous year.
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Source: SEC filing on April 24, 2020.