Weis Markets CEO Jonathan Weis' 2020 pay jumps 37% to $9M
Weis Markets reports 2020 executive compensation
By ExecPay News
Published: March 11, 2021
Weis Markets reported fiscal year 2020 executive compensation information on March 11, 2021.
In 2020, five executives at Weis Markets received on average a compensation package of $3M, a 30% increase compared to previous year.
Average pay of disclosed executives at Weis Markets
Jonathan H. Weis, Chief Executive Officer, received $9M in total, which increased by 37% compared to 2019. 86% of Weis' compensation, or $7.7M, was in non-equity incentive plan. Weis also received $1.1M in salary and $200K in other compensation.
For fiscal year 2020, the median employee pay was $19,453 at Weis Markets. Therefore, the ratio of Jonathan H. Weis' pay to the median employee pay was 464 to one.
Kurt A. Schertle, Chief Operating Officer, received a compensation package of $2.6M, which increased by 23% compared to previous year. 69% of the compensation package, or $1.8M, was in non-equity incentive plan.
Scott F. Frost, Chief Financial Officer, earned $1.4M in 2020, a 21% increase compared to previous year.
Harold G. Graber, Senior Vice President of Real Estate and Development, received $1M in 2020, which increases by 20% compared to 2019.
David W. Gose II, Senior Vice President of Operations, earned $952K in 2020, a 20% increase compared to previous year.
Weis Markets' fiscal year ends on December 25.
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Source: SEC filing on March 11, 2021.