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Huttig skips bonuses but boosts CEO's stock award

Huttig skips bonuses but boosts CEO's stock award

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Huttig Building Products didn't pay executive bonuses for the second year in a row, but a larger stock award boosted Chief Executive Jon Vrabely's 2018 compensation by 32 percent.

Vrabely earned a total of $1.2 million last year, according to a proxy statement filed Wednesday. His salary was flat at $600,000, but his stock award was increased to $600,000 from $300,000.

The stock, however, lost value as Huttig's shares plunged 73 percent last year. By year's end, Vrabely's grant was worth just $180,000.

The company missed its target for economic value added in both 2017 and 2018, so executives got no bonuses in either year. 

Vrabely's other compensation of $27,904 included a car lease, insurance premiums and 401(k) contributions.

Huttig, a building materials distributor based in Town and Country, estimated that Vrabely earned 25 times as much as the median employee, up from 20 times in 2017. 

Here's what 30 St. Louis CEOs earned in 2017:


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