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CEO Paywatch: Gary Hendrickson of Valspar
- January 18, 2013 - 8:15 PM
CEO PAY WATCH: VALSPAR CORP.Gary Hendrickson, president, CEO
Total compensation: $3,409,549 for the year ended Oct. 31
Non-equity incentive pay: $1,760,739
Other compensation: $456,258
Value realized on vesting shares: $334,283
New stock options: 121,610
Total fiscal 2012 return to shareholders: 63.2 percent
Note: Hendrickson's total compensation increased 30 percent over the previous year's total of $2.6 million, mainly from a nearly $1 million increase in his annual bonus.
Valspar posted record sales, operating margins and earnings per share for 2012, which helped executives achieve incentive targets. But the company's annual sales, while a record $4.02 billion, were below the level that would have earned executives maximum bonuses.
During the past five years, Valspar's stock has had a total shareholder return on an annualized basis of 20.2 percent, easily outperforming the S&P 500 index over that period.
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