CEO Pay Watch Patterson Cos. Inc.
Scott P. Anderson, chairman, president and CEO
Total compensation: $2,258,990 for the year ended April 30, 2015
Non-equity incentive pay: $934,295
Other compensation: $40,851
Value realized on vesting shares: $664,491
New stock options: 20,200
Total shareholder return: 17.5 percent
Note: Anderson took home $2.26 million for the fiscal year, a 16.4 percent increase over the previous year.
Patterson Cos. stopped awarding stock options as part of the company’s long-term incentive plan compensation in 2006 but brought back those awards for senior executives this year. Anderson received 20,200 new stock options with a grant date present value of $174,528.
The compensation committee chose to reinstitute stock options as a part of the long-term equity award component “to reflect current trends in equity compensation practices, to cause a greater percentage of noncash compensation to be performance-based and to facilitate retention through use of a longer term to full vesting.”