WD-40 reports 2018 executive compensation
CEO Garry O. Ridge receives $2.4M
WD-40 reported fiscal year 2018 executive compensation information on October 31, 2018.
In 2018, five WD-40 executives received on average a compensation package of $1,088,503, a 19% increase compared to previous year.
Garry O. Ridge, Chief Executive Officer, received $2,429,992 in total, which increased by 3% compared to 2017. 40.15% of Ridge's compensation, or $975,657, was in stock awards. Ridge also received $698,111 in non-equity incentive plan, $648,840 in salary, as well as $107,384 in other compensation.
Michael L. Freeman, Chief Strategy Officer, received a compensation package of $810,941, which decreased by 4% compared to previous year. 41.01% of the compensation package, or $332,585, was in salary.
Steven A. Brass, President, earned $785,136 in 2018, a 37% increase compared to previous year.
Jay W. Rembolt, Chief Financial Officer, received $779,843 in 2018, which decreases by 1% compared to 2017.
Richard T. Clampitt, General Counsel, earned $636,601 in 2018, a 7% increase compared to previous year.
WD-40's fiscal year ends on August 31.