WD-40 CEO Garry Ridge's 2020 pay slips 6% to $2.9M
WD-40 reports 2020 executive compensation
By ExecPay News
Published: October 29, 2020
WD-40 reported fiscal year 2020 executive compensation information on October 29, 2020.
In 2020, five WD-40 executives received on average a compensation package of $1.3M, a 20% increase compared to previous year.
Garry O. Ridge, Chief Executive Officer, received $2.9M in total, which decreased by 6% compared to 2019. 61.07% of Ridge's compensation, or $1.8M, was in stock awards. Ridge also received $196.7K in bonus, $140.6K in non-equity incentive plan, $675.2K in salary, as well as $119.4K in other compensation.
For fiscal year 2020, the median employee pay was $99,580 at WD-40. Therefore, the ratio of Garry O. Ridge's pay to the median employee pay was 29 to one.
Steven A. Brass, Chief Operating Officer, received a compensation package of $1.4M, which increased by 87% compared to previous year. 50.01% of the compensation package, or $721.5K, was in stock awards.
Jay W. Rembolt, Chief Financial Officer, earned $842.7K in 2020, a 10% decrease compared to previous year.
Patricia Q. Olsem, Division President, Americas, received $790K in 2020, which increases by 71% compared to 2019.
Richard T. Clampitt, General Counsel, earned $692.9K in 2020, a 2% increase compared to previous year.
WD-40's fiscal year ends on August 31.