WD-40 CEO Garry Ridge's 2019 pay jumps 27% to $3.1M
WD-40 reports 2019 executive compensation
By ExecPay News
Published: October 29, 2020
WD-40 reported fiscal year 2019 executive compensation information on October 29, 2020.
In 2019, six WD-40 executives received on average a compensation package of $1.1M, a 11% increase compared to previous year.
Average pay of disclosed executives at WD-40
Garry O. Ridge, Chief Executive Officer, received $3.1M in total, which increased by 27% compared to 2018. 46% of Ridge's compensation, or $1.4M, was in stock awards. Ridge also received $897K in non-equity incentive plan, $662K in salary, as well as $115K in other compensation.
For fiscal year 2019, the median employee pay was $90,849 at WD-40. Therefore, the ratio of Garry O. Ridge's pay to the median employee pay was 34 to one.
Jay W. Rembolt, Chief Financial Officer, received a compensation package of $934K, which increased by 20% compared to previous year. 34% of the compensation package, or $321K, was in salary.
Steven A. Brass, Chief Operating Officer, earned $770K in 2019, a 2% decrease compared to previous year.
William B. Noble, Managing Director, EMEA, received $731K in 2019, which increases by 31% compared to 2018.
Richard T. Clampitt, General Counsel, earned $678K in 2019, a 7% increase compared to previous year.
Patricia Q. Olsem, Division President, Americas, received $462K in 2019.
WD-40's fiscal year ends on August 31.
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Source: SEC filing on October 29, 2020.