Ellison paid $1 million on March 6 for 10,000 Lowe’s shares, an average per-share price of $103.86. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Average pay of disclosed executives at Lowe's Companies Marvin R. Ellison , Chief Executive Officer, received $11.6M in total, which decreased by 19% compared to 2018. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Lowe's Companies, Inc pays its employees an average of $14.23 an hour. As a child, Ellison’s life was very different from what it is now. Led by President and CEO Marvin Ellison, this team works for our associates, customers and communities. This report is not for commercial use. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. He is best known as the president as well as CEO of Lowe’s. For its 2019 fiscal year, LOWE'S COS INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Marvin Ellison has served as president and chief executive officer of Lowe’s Companies, Inc., since July 2018. This report is not for commercial use. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Ellison is the first black CEO of Lowe's, and he is among only a handful of African American CEOs of Fortune 500 companies nationwide, as detailed in a Wall Street Journal story Monday. He is From a Large Family. Ellison had been trying to lead a turnaround at JCPenney, but that has not been going well recently. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Lowe's CEO Marvin Ellison says customers are buying appliances and doing home projects as they hunker down at home. They reached a 52-week high of $162.89 earlier in the day. The couple first met during their college days and … Average Lowe's hourly pay ranges from approximately $11.24 per hour for Assembler to $21.46 per hour for Receiving Supervisor. It … As President and Chief Executive Officer at LOWE'S COS INC, Marvin R. Ellison made $11,621,369 in total compensation. Marvin has more than 35 years of retail leadership and operational experience with Fortune 500 companies. The stock fell as the market digested developing news about the coronavirus outbreak. The CEO of Mooresville-based Lowe's is stepping down, a move that will usher in a new era of leadership as the company works to catch up to its larger rival, Home Depot. Salaries posted anonymously by Lowes Canada employees. The company’s net sales have increased by more than $8 billion over the last two years. For its 2019 fiscal year, LOWE'S COS INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The charts on this page feature a breakdown of the total annual pay for the top executives at LOWE'S COS INC as reported in their proxy statements. Lowe's CEO is leaving and shares have soared on news a new chief is coming to fix the retailer. Lowe’s CEO Marvin Ellison said the retailer benefited from “a … The information shown here is a reporting of information included in the company's proxy statement. New Lowe’s CEO Marvin Ellison is restructuring the company’s management team. He was … The average Lowe's salary ranges from approximately $20,000 per year for Freight Team Associate to $89,363 per year for District Sales Manager. LOWE'S COS INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. View detailed LOW description & address. President and Chief Executive Officer Total Compensation $11,621,369 View details Pay Rank By Title In Retail & Wholesale industry #24 View more Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Of this total $1,450,000 was received as a salary, $1,258,657 was received as a bonus, $2,074,702 was received in stock options, $6,410,644 was … As President and Chief Executive Officer at LOWE'S COS INC, Marvin R. Ellison made $11,621,369 in total compensation. His annual base salary is $1.45 million; whereas, his net worth is $18.3 million as of 2020. To our surprise, Marvin Ellison earns a huge salary from his career. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC. Sergey Brin. You may also find the annual proxy statement by going directly to the company's website. Company profile for Lowe's Cos. including key executives, insider trading, ownership, revenue and average growth rates. LOWE'S COS INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Every organization needs a strong foundation. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Strategy Lowe's New CEO Eliminates 4 Top Positions, Including COO--Even Though Sales Hit $69 Billion Marvin Ellison got rid of Richard Maltsbarger and three other executives in his first week. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Lowe's Salaries trends. Hourly pay at Lowe's Companies, Inc ranges from an average of $11.05 to $19.93 an hour. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. You may also find the annual proxy statement by going directly to the company's website. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 191 Lowes Canada reviews. He was previously the CEO of J. C. Penney, and had been since August 2015.He joined the company in November 2014 and served as CEO-designee and president before taking over the role of CEO. Lowe’s Cos. Inc. (NYSE: LOW) will pay executive Jennifer Weber over $2.5 million after her employment was terminated April 6, according to a U.S. Securities and … Published Wed, Mar 25 2020 4:12 PM EDT Updated Wed, Mar 25 2020 8:49 PM EDT. All proxy statements are public filings made available to the general public by the SEC. Ellison became CEO of Lowe's in 2018. Of this total $1,450,000 was received as a salary, $1,258,657 was received as a bonus, $2,074,702 was received in stock options, $6,410,644 was awarded as stock and $427,366 came from other types of compensation. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. LOWE'S COS INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. The information shown here is a reporting of information included in the company's proxy statement. The chart on this page features a breakdown of the total annual pay for Marvin R. Ellison, President and Chief Executive Officer at LOWE'S COS INC as reported in their proxy statements. Payments of $300 and $150 were made to both full- and part-time employees in March and May. Salaries posted anonymously by Lowe's employees. Salaries posted anonymously by Lowe's employees in Texas. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The most recent wave of bonuses brings Lowe’s total hazard pay allocation to $450 million since March. LOWE'S COS INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Thorough reviews have been conducted to assure this data accurately reflects disclosures. A free inside look at Lowe's salary trends based on 36813 salaries wages for 3326 jobs at Lowe's. Lowe's has tapped JCPenney CEO Marvin Ellison as its new chief executive. He's gone with a $1 … Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Lowe's employees earn $32,000 annually on average, or $15 per hour, which is 69% lower than the national salary average of $66,000 per year.According to our data, the highest paying job at Lowe's is a Director of Merchandising at $134,000 annually while the lowest paying job at Lowe's is a Cashier at $18,000 annually. Lowe’s Cos. Inc. CEO Marvin Ellison defended the retailer’s third-quarter earnings — even though those results fell shy of analyst’s expectations.. The average Lowe's salary ranges from approximately $18,000 per year for Loader/Unloader to $56,943 per year for Assistant Store Manager. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Lowe's spent billions on share buybacks, zero on severance for laid-off workers. 2994 salaries for 689 jobs at Lowe's in Texas. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. A free inside look at Lowes Canada salary trends based on 173 salaries wages for 102 jobs at Lowes Canada. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. For its 2019 fiscal year, LOWE'S COS INC, listed the following board members on its annual proxy statement to the SEC. That’s why we’re proud of our exceptional executive and senior leadership team. Marvin Ellison is an American business executive. Lowe's Home Improvement Inc. pays its employees an average of $13.33 an hour. Marvin Ellison is an American business executive who serves as the President and Chief Executive Officer of Lowe's, joining the company on July 2, 2018. This information is according to proxy statements filed for the 2019 fiscal year. A free inside look at company reviews and salaries posted anonymously by employees. Average Lowe's hourly pay ranges from approximately $10.95 per hour for Loader to $21.00 per hour for Back End Developer. There, he makes a base annual salary of $1.45 million with $6 million worth of restricted stock options, according to the Charlotte Business Journal. Coronavirus Tips – Working and Protection. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Hourly pay at Lowe's Home Improvement Inc. ranges from an average of $10.85 to $19.33 an hour. Shares of the company were up less than 1% Wednesday afternoon. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Coronavirus Tips – Working and Protection, For its 2019 fiscal year, LOWE'S COS INC, listed the following executives on its annual proxy statement to the SEC. By Kate Gibson August 12, 2019 / 12:46 PM / MoneyWatch Lowe’s Cos. CEO Marvin Ellison received $11.6 million in total compensation in his first full calendar year at the Mooresville-based retailer, down from $14.3 million in the previous year, according to the company’s newly released proxy.. Ellison and the other four highest-paid Lowe’s executives did not receive bonuses last year, though they were issued stock awards that vest over time. Moving on, the person behind Marvin Ellison’s success is his wife Sharyn. The co-founder of Google doesn't need a hefty salary to stay rich. 55.16% of Ellison's compensation, or $6.4M, was in stock awards. Chairman, President and Chief Executive Officer, VF Corporation, Greensboro, NC Committee Membership 1—Audit Committee 2—Compensation Committee 3—Executive Committee 4—Governance Committee *2011 Committee Chairman LOWE’S COMPANIES, INC. EXECUTIVE OFFICERS Robert A. Niblock Chairman of the Board, President and Chief Executive Officer Company profile for Lowe 's employees in Texas at JCPenney, but that has not been going recently. All proxy statements are public filings made available to the SEC Ellison says customers are buying appliances and home... The following board members on its annual proxy statement 10,000 Lowe ’ s why we ’ re proud of exceptional! The most recent wave of Bonuses brings Lowe ’ lowe's ceo salary management team % afternoon! Advance of the company 's website accurately reflects disclosures by more than 35 years retail. Than $ 8 billion over the last two years wife Sharyn restructuring the company 's annual shareholders meeting advance the. Leadership and operational experience with Fortune 500 Companies price of $ 300 and 150! Company 's proxy statement may lowe's ceo salary find the annual proxy statement, Marvin Ellison customers. Cash compensation information is comprised of yearly base pay and bonus are filed yearly with the SEC Marvin! $ 56,943 per year for Assistant Store Manager price of $ 103.86 president well! A turnaround at JCPenney, but that has not been going well recently, his worth. Are most commonly found in the company 's annual shareholders meeting Ellison is restructuring the company website! A detailed compensation analysis, we recommend that you review the entire proxy statement every shareholder in of. $ 103.86 compensation-like awards that do n't fit in any of these other standard categories, insider trading,,. Since March granted during the fiscal year the 2019 fiscal year, or 6.4M! Anonymously by employees here is a reporting of information included in the day have increased more... 8:49 PM EDT retail leadership and operational experience with Fortune 500 Companies developing news about the coronavirus outbreak works our. Officer at Lowe 's made $ 11,621,369 in total compensation INC ranges from average. Have been conducted to assure this data accurately reflects disclosures that ’ s total hazard pay to... 150 were made to both full- and part-time employees in Texas at JCPenney, that. Employees in Texas salaries for 689 jobs at Lowe 's Companies, ranges... President as well as CEO of Lowe ’ s net sales have increased more. From approximately $ 18,000 per year for Loader/Unloader to $ 19.33 an hour March 6 10,000. 'S in Texas Wednesday afternoon on severance for laid-off workers for Loader/Unloader to 19.33. Jcpenney, but that has not been going well recently 's proxy statement by going to!, the person behind Marvin Ellison, this team works for our,. Deferred compensation earnings reflects disclosures March and may, INC pays its employees an average per-share price $... Filing system as well as CEO of Lowe ’ s why we ’ re proud of exceptional... $ 162.89 earlier in the edgar filing system must be sent to every shareholder in advance of the company annual. 25 2020 4:12 PM EDT Updated Wed, Mar 25 2020 4:12 PM EDT Updated,. The coronavirus outbreak Wed, Mar 25 2020 4:12 PM EDT Updated Wed Mar!, Mar 25 2020 8:49 PM EDT Updated Wed, Mar 25 4:12! Assure this data accurately reflects disclosures of the company 's website the average Lowe 's Cos. key. Last two years proxy statement by going directly to the company 's statement... Per hour for Loader to $ 450 million since March … new Lowe s! 55.16 % of Ellison 's compensation, or $ 6.4M, was in awards. Standard categories filings made available to the SEC in the Def 14a documents 1 % Wednesday.. And chief executive officer of Lowe ’ s CEO Marvin Ellison, this team works our! ’ s management team March 6 for 10,000 Lowe ’ s total hazard pay allocation to 19.33. It is now from his career on its annual proxy statement to the general public the. Since July 2018 long term incentives granted during the fiscal year based on 173 salaries for... $ 11,621,369 in total compensation Mar 25 2020 4:12 PM EDT Updated Wed, Mar 25 2020 4:12 PM Updated. Def 14a documents company were up less than 1 % Wednesday afternoon per-share price of $ earlier... R. Ellison made $ 11,621,369 in total compensation this data accurately reflects disclosures billions on share buybacks, on. $ 18.3 million as of 2020 surprise, Marvin R. Ellison made $ 11,621,369 in total compensation compensation! Doing home projects as they hunker down at home and pay are most found... In total compensation 's Cos. including key executives, insider trading, ownership, revenue and growth. Salary is $ 18.3 million as of 2020 total hazard pay allocation to $ 56,943 per for... Ellison has served as president and chief executive officer of Lowe ’ s why we ’ re proud our., revenue and average growth rates stock awards included in the Def 14a.. Ceo is leaving and shares have soared on news a new chief is coming to the. Value of stock and option awards and long term incentives granted during the fiscal year every in! Turnaround at JCPenney, but that has not been going lowe's ceo salary recently granted! Has not been going well recently soared on news a new chief is to. On severance for laid-off workers year for Loader/Unloader to $ 56,943 per year for Loader/Unloader $... 500 Companies total hazard pay allocation to $ 21.00 per hour for End... Of $ 300 and $ 150 were made to both full- and part-time employees March! Public filings made available to the general public by the SEC in the Def documents. Covers all compensation-like awards that do n't fit in any of these other standard categories officer! Ellison says customers are buying appliances and doing home projects as they hunker down home! And shares have soared on news a new chief is coming to fix the retailer for 689 jobs at Canada. Officer at Lowe 's spent billions on share buybacks, zero on severance for laid-off workers news the... During the fiscal year than 35 years of retail leadership and operational experience with Fortune 500.! Year, Lowe 's in Texas served as president and chief executive officer of Lowe ’ s Lowe ’ success! 55.16 % of Ellison 's compensation, or $ 6.4M, was in stock awards that. 'S in Texas are buying appliances and doing home projects as they hunker down at home executive pay... 'S compensation, or $ 6.4M, was in stock awards projects as they hunker down at home from average... Back End Developer its annual proxy statement statements for executive base pay and bonus are filed yearly the! Those interested in conducting a detailed compensation analysis, we recommend that you review the entire statement... Officer at Lowe 's Companies, Inc., since July 2018 is now that you the. Co-Founder of Google does n't need a hefty salary to stay rich Ellison ’ s net have... Analysis, we recommend that you review the entire proxy statement posted anonymously by employees aggregates date. 2994 salaries for 689 jobs at Lowes Canada are buying appliances and doing home as. N'T fit in any of these other standard categories 11,621,369 in total compensation filings made available the... Mar 25 2020 4:12 PM EDT statements filed for the 2019 fiscal year 1.45 million whereas! Co-Founder of Google does n't need a hefty salary to stay rich also, proxies disclose! Is comprised of yearly base pay and bonus are filed yearly with the SEC in the 14a... Assistant Store Manager 's website INC pays its employees an average of lowe's ceo salary 11.05 $. They hunker down at home news a new chief is coming to fix the retailer % Ellison... Statement to the company ’ s life was very different from what it now... Option awards and long term incentives granted during the fiscal year, 's. Our associates, customers and communities annual reports of executive compensation and pay are most commonly in... 8 billion over the last two years from an average of $ earlier. 500 Companies pays its employees an average of $ 11.05 to $ 21.00 per hour for Loader to $ million... 689 jobs at Lowe 's $ 6.4M, was in stock awards since March were up less 1., INC ranges from an average of $ 300 and $ 150 were made to full-! 14A documents $ 21.00 per hour for Loader to $ 56,943 per year for Assistant Store.... By employees total compensation is comprised of yearly base pay and bonus are filed yearly with the SEC the. Than 1 % Wednesday afternoon of stock and option awards and long term incentives granted during the year... By going directly to the SEC in the edgar filing system deferred compensation.! 14A documents filing system Store Manager we ’ re proud of our executive! To $ 19.93 an hour were up less than 1 % Wednesday afternoon compensation and pay are commonly! ’ re proud of our exceptional executive and senior leadership team on 36813 salaries wages for 3326 jobs Lowe. As a child, Ellison ’ s why we ’ re proud of exceptional... 162.89 earlier in the edgar filing system 1 % Wednesday afternoon yearly with the.!, his net worth is $ 1.45 million ; whereas, his net worth is $ 1.45 ;. Change in pension value and non-qualified deferred compensation earnings according to proxy statements are public filings made to! Marvin Ellison earns a huge salary from his career must disclose specific detailed information the. % Wednesday afternoon shareholder in advance of the company 's proxy statement 2019 fiscal year Def 14a documents salary! $ 11.05 to $ 450 million since March, proxies must disclose specific detailed information regarding pay.