Category: Finance | Title: Marvin Ellison Salary 2024 Executive Compensation and Pay | Tag: Executive Compensation | Meta Description: Facts on Marvin Ellison salary, equity awards, and total compensation for 2024 at Lowe's and other roles...
Marvin Ellison Base Salary and Annual Pay
Marvin Ellison is the Chairman and CEO of Lowe's Companies, Inc., and his 2024 base salary reflects his role leading one of the largest home improvement retailers in the United States. His base pay is structured as a fixed annual component of his total direct compensation package, consistent with peer CEOs at large-cap retailers Forbes.
Public filings show that his base salary is set by the Compensation Committee of the Lowe's Board of Directors and is reviewed annually against company performance and market benchmarks. The figure is reported in the company's proxy statement and aligns with the scale of compensation seen at other major U.S. retailers and consumer-facing CEOs.
Equity Awards and Long-Term Incentives
In addition to his base salary, Marvin Ellison receives substantial equity-based compensation, including performance shares and stock options tied to Lowe's total shareholder return and other financial targets. These long-term incentives are designed to align his pay with the company's multi-year financial and operational goals SEC.
The equity portion of his package typically represents the largest component of his total annual compensation and vests over several years, subject to performance conditions. The specific number of shares, grant dates, and performance metrics are detailed in the company's annual proxy and summary compensation tables Lowe's DEF 14A.
Total Compensation and Peer Comparison
Marvin Ellison's total reported compensation for 2024 combines his base salary, equity awards, and any other direct compensation, such as deferred compensation plan contributions and perquisites. The resulting total is compared by proxy advisors and investors against peer CEOs at companies like Home Depot, Target, and other large U.S. retailers.
His pay is evaluated based on Lowe's financial results, stock performance, and relative positioning within the retail sector. The board's compensation philosophy aims to balance competitiveness with accountability, linking a significant portion of his pay to measurable company outcomes Lowe's.