Klein’s Pay Jumps to $9.5 Million at Energizer

Photo courtesy of St. Louis Post-Dispatch

Energizer Holdings handed Chief Executive Ward Klein a bigger bonus and a $4 million stock award this year, boosting his total compensation 47 percent to $9.5 million.

Klein’s salary rose 10 percent to $1.09 million and he got a $1.68 million bonus for fiscal 2012, which ended Sept. 30, according to a proxy statement filed last week. The bonus was slightly above the target level but was more than triple the 2011 amount, which was $450,000.

Klein also got $4 million worth of stock, but it vests only if Energizer meets certain financial targets over a three-year period. For a similar grant that was made in 2009, executives learned this year that they’ll get to keep only two-thirds of the stock they were awarded. Read more on St. Louis Post-Dispatch.


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