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How Much Does the CEO of Home Depot Make a Year?

Home Depot is one of America’s largest home improvement retailers, and the company’s CEO, Craig Menear, has been leading the company since 2014. As the top executive at Home Depot, Menear is responsible for providing the strategic direction of the company, driving growth, and making the tough decisions that ultimately impact the company’s bottom line.

One question that many people have about Home Depot is how much the CEO makes each year. In this blog post, we will explore Menear’s compensation, as well as how it compares to other Home Depot executives and industry peers.

Craig Menear’s Compensation

According to Home Depot’s 2021 proxy statement, Menear’s total compensation in fiscal year 2020 was $10,889,213. This compensation included a base salary of $1,300,000, stock awards of $7,867,751, and a non-equity incentive plan compensation of $1,285,000.

It’s worth noting that Menear’s compensation has fluctuated in recent years. In fiscal year 2019, his total compensation was $11,456,406, which was slightly higher than his 2020 compensation. However, in fiscal year 2018, Menear’s compensation was significantly lower, at $9,905,404.

Executive Compensation at Home Depot

Menear is not the only executive at Home Depot to receive significant compensation. In fact, several other Home Depot executives also receive multimillion-dollar pay packages each year.

For example, the company’s Chief Financial Officer, Richard McPhail, had a total compensation of $6,535,665 in fiscal year 2020. This compensation included a base salary of $850,000, stock awards of $4,994,864, and a non-equity incentive plan compensation of $666,675.

Meanwhile, the company’s Chief Operating Officer, Ted Decker, had a total compensation of $9,261,119 in fiscal year 2020. This compensation included a base salary of $1,100,000, stock awards of $6,803,720, and a non-equity incentive plan compensation of $1,157,200.

How Does Home Depot’s Executive Compensation Compare to Peers?

When it comes to executive compensation, Home Depot is just one of many companies that offer hefty pay packages to their top executives. According to a study by Equilar, the median CEO pay at the top 1000 U.S. companies was $12,304,013 in 2020.

Within Home Depot’s industry, the company’s executive compensation packages are generally in line with those of their peers. For example, Lowe’s Companies, Home Depot’s primary competitor, paid their CEO a total compensation of $16,765,076 in fiscal year 2020.

How Much Does the CEO of Home Depot Make? Top FAQs

Home Depot is one of the most successful businesses worldwide, generating an annual revenue of nearly $110 billion. As of 2021, the home improvement retailer is led by Chairman and CEO Craig Menear. Under his leadership, Home Depot has become a successful company loved by millions of homeowners across the United States. In this blog post, we’ll be taking a closer look at the most frequently asked question about Home Depot CEO’s salary.

Here are the top FAQs on how much does the CEO of Home Depot make:

What Is Craig Menear’s Annual Salary?

As of 2021, Craig Menear’s annual salary is $10,896,612. Along with his base salary, he receives an annual bonus of $4,320,000 and stocks of $7,009,702. This may seem like a lot of money, but it’s important to remember that Menear is the head of a multi-billion dollar company with over 400,000 employees.

How Does Craig Menear Compare to Other CEOs of Similar Companies?

Craig Menear’s salary is comparable to the pay of other CEOs of similar companies. For example, the CEO of Lowe’s, Home Depot’s biggest competitor, earned around $11.6 million in 2020. Meanwhile, the CEO of Walmart, a company that is larger than Home Depot, earned around $22 million in 2020.

Why Does Craig Menear Make So Much Money?

As the CEO of a successful company such as Home Depot, Menear is responsible not just for the growth and development of the business but also for its strategic vision, innovation, and leadership. His pay reflects his contributions to the company and is determined by the board of directors.

What Is Included in Craig Menear’s Compensation Package?

In addition to his base salary, Menear receives annual bonuses and a significant amount of stocks. His compensation package also includes other benefits like retirement benefits, life insurance, and health insurance. However, the majority of his compensation comes in the form of long-term incentives that are tied to the company’s financial performance.

How Do Home Depot’s Employees Feel About Craig Menear’s Salary?

According to a survey by Glassdoor, Home Depot employees have mixed feelings when it comes to CEO Craig Menear’s salary. Some employees think his salary is too high, especially when compared to the average Home Depot employee’s salary, which ranges from $12.16 per hour for a sales associate to $19.67 per hour for a Department Manager. Others believe that Menear’s salary is well deserved given his successful leadership of the company.

What Is Home Depot’s Stance on Executive Compensation?

Home Depot is committed to being transparent about executive compensation. The company publishes its executive salaries online each year, providing details of the compensation packages for its top executives. Home Depot also emphasizes that executive compensation is tied to the company’s performance and that it is determined by the board of directors.

How to Find Out How Much the CEO of Home Depot Makes a Year

Are you curious about how much the CEO of Home Depot makes? It’s natural to want to know about the pay of top executives in large corporations like Home Depot. In this step-by-step guide, we will show you how to find out how much the CEO of Home Depot makes a year.

Step 1: Go to the SEC EDGAR Database

The first step in finding out how much the CEO of Home Depot makes is to go to the SEC EDGAR database. The SEC EDGAR database is the online repository of all the filings that public companies are required to submit to the US Securities and Exchange Commission (SEC).

You can visit the SEC EDGAR database by going to their website at www.sec.gov/edgar/searchedgar/companysearch.html.

Step 2: Enter Home Depot’s Ticker Symbol

Once you are on the EDGAR database homepage, you will see a search box with the label “Company Name or Ticker Symbol”. You will need to enter Home Depot’s ticker symbol, which is HD, into this search box.

Step 3: Select the Latest Annual Report (Form 10-K)

After you have entered the HD ticker symbol, you will see a list of results. Look for the latest Form 10-K, which is the annual report that companies file with the SEC. The annual report contains detailed financial information about the company, including executive compensation.

Step 4: Navigate to the Executive Compensation Section

Once you have selected the latest Form 10-K, you will be taken to a page that lists the various sections of the report. Look for the section labeled “Executive Compensation”, which is usually near the beginning of the report.

Step 5: Locate the CEO’s Pay Information

In the Executive Compensation section, you will find a table that lists the compensation of the top executives in the company, including the CEO. Look for the row that corresponds to the CEO (usually the first row). The table will list the CEO’s salary, bonus, stock awards, and other compensation.

Step 6: Calculate the CEO’s Total Pay

To find out how much the CEO of Home Depot makes a year, you will need to add up all the components of their compensation. The total pay will include the CEO’s salary, bonus, stock awards, and other compensation.

Step 7: Compare the CEO’s Pay to Other Executives in the Industry

After you have found out how much the CEO of Home Depot makes a year, you may want to compare their pay to other CEOs in the industry. You can find this information by looking at the annual reports of other companies in the industry and comparing their executive compensation tables.

Conclusion

Finding out how much the CEO of Home Depot makes a year is a simple process. By following the steps outlined in this guide, you can find out the CEO’s total pay and compare it to other executives in the industry. Remember that executive compensation can vary greatly depending on the size and profitability of the company, as well as other factors.

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