16 December 2020
Sitherwood’s {compensation|payment|settlement} for {fiscal|financial} 2020, which ended Sept. 30, was down 2.5% from the previous year, the {company|business} {disclosed|revealed|divulged} Wednesday in its proxy {statement|declaration}.
The {earnings|profits|incomes|revenues} {decline|decrease} was due {mostly|mainly|primarily} to a writedown of the {value|worth} of a gas storage {business|company|service|organization}. Spire {uses|utilizes} a number it calls net {economic|financial} {earnings|profits|incomes|revenues}, which {omits|leaves out} such one-time charges, in {evaluating|assessing|examining} executive pay.
Spire’s {salary|income|wage} was $928,847 after a 3% raise. She got {a bonus|a reward|a perk|a benefit|a bonus offer} of $749,250, which was 81% of the target {amount|quantity}, and a stock award valued at $2.26 million. Three-quarters of the stock award is contingent on {meeting|conference} three-year targets for {earnings|profits|incomes|revenues} and {total|overall} {shareholder|investor} return; {a similar|a comparable} award from 2018 {paid out|paid} at 71% of the target {value|worth}.
Her {compensation|payment|settlement} {also|likewise} {included|consisted of} a $217,483 {increase|boost} in pension {value|worth}, $48,581 of above-market interest on {deferred|delayed|postponed} {compensation|payment|settlement} and $17,797 worth of perquisites. The perquisites {included|consisted of} life {insurance|insurance coverage} premiums, spousal travel and {financial|monetary} {planning|preparation} services.
Sitherwood {earned|made} 47 times as much as the {median|average|mean|typical} Spire {employee|worker|staff member}, whose pay the {company|business} {calculated|determined|computed} at $93,726.
Here’s what St. Louis CEOs {earned|made} in 2019:
Source: stltoday.com
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