Top O'Reilly Auto execs earn pay increases

Greg Johnson's total 2020 compensation comes in at $9 million.

Driven largely by incentive pay, three executives at O’Reilly Automotive Inc. (Nasdaq: ORLY) earned total 2020 compensation that at least doubled their tallies from the prior year.

The auto parts retailer's top paid officer last year was co-President and CEO Greg Johnson, whose total compensation nearly tripled to $9 million, according to a proxy filing with the U.S. Securities and Exchange Commission.

His nonequity incentive plan compensation was up to $6.5 million from $1 million a year earlier, and his base salary rose to $1.2 million from $976,923 in 2019, according to the SEC filing.

Here are O’Reilly Automotive’s top five executives, ranked by 2020 total compensation:
•    Johnson, $9 million, up 192%;
•    Jeff Shaw, co-president and chief operating officer, $5.7 million, up 145%;
•    Tom McFall, executive vice president and chief financial officer, $5.2 million, up 121%;
•    David O'Reilly, board executive chairperson, $1.1 million, no change; and
•    Greg Henslee, board executive vice chairperson, $1 million, no change.

O'Reilly Automotive in 2020 exceeded its revenue target of $11 billion.

ORLY shares hit another 52-week high this morning of $512.24 per share. The stock passed $500 per share for the first time in company history on March 26, according to past reporting.

In other O'Reilly Automotive news this week, the company announced board Chairperson O'Reilly and Vice Chairperson Henslee would swap positions in May.