CHARLIE SCHARFWells Fargo & Co.

Base salary

$498,084Total

compensation

$34.3 million BONUS/ STOCK /OPTION DEFERRED ALL OTHERCOMPANY (TOP EXECUTIVE) SALARY INCENTIVES AWARDS* COMPENSATION** COMPENSATION TOTALCaterpillar Inc. (Jim Umpleby) $1,575,000 $2,336,000 $12,154,965 $18,161,210 $291,954 $34,519,129 Wells Fargo & Co. (Charlie Scharf) (1) $498,094 $5,000,000 $28,788,490 $0 $0 $34,286,584 United Technolgoies Corp. (Greg Hayes) $1,600,000 $4,200,000 $13,352,300 $2,071,748 $314,799 $21,538,847 FedEx Corp. (Frederick Smith) $1,373,561 $6,302,000 $7,747,212 $0 $539,201 $15,961,974 Laboratory Corp. of America Holdings (David King) (2) $1,215,000 $1,847,880 $9,475,762 $224,723 $170,225 $12,933,590 Lowes Cos. Inc. (Marvin Ellison) $1,450,000 $1,258,657 $8,485,346 $0 $427,366 $11,621,369 American Airlines Group Inc. (Douglas Parker) (3) $0 $0 $11,508,000 $0 $63,714 $11,571,714 BB&T Corp. (Kelly King) (4) $1,121,625 $4,781,982 $3,400,092 $1,810,412 $376,998 $11,491,109 Qorvo Inc. (Robert Bruggeworth) $826,412 $1,133,084 $6,015,423 $0 $9,820 $7,984,739 Old Dominion Freight Line Inc. (Greg Gantt) $727,846 $4,943,698 $1,607,641 $24,548 $41,217 $7,344,950 Gildan Activewear Inc. (Glenn Chamandy) $1,200,000 $360,000 $5,399,970 $60,958 $113,976 $7,134,904 Tanger Factory Outlet Centers Inc. (Steven Tanger) $850,000 $1,506,462 $3,654,909 $0 $558,328 $6,569,699 F.N.B. Corp. (Vincent Delie Jr.) $1,128,559 $1,962,237 $3,056,165 $40,054 $247,056 $6,434,071 British American Tobacco Plc (Jack Bowles) (5) $1,450,400 $323,410 $4,278,380 $266,630 $23,450 $6,342,270 First Horizon National Corp. (Bryan Jordan) $900,000 $1,500,000 $2,114,360 $921,334 $115,350 $5,551,044 Pinnacle Financial Partnerrs Inc. (Terry Taylor) $1,030,000 $1,235,000 $2,550,067 $0 $108,823 $4,923,890 Lydall Inc. (Sara Greenstein) (6) $92,308 $1,330,000 $2,749,996 $0 $2,275 $4,174,579 Primo Water Corp. (Thomas Harrington) (7) $850,000 $731,000 $2,500,000 $0 $25,760 $4,106,760 Blue Cross Blue Shield of N.C. (Patrick Conway) (8) $896,923 $2,830,000 $0 $0 $303,630 $4,030,553 Hanesbrands Inc. (Gerald Evans Jr.) $1,100,000 $2,308,680 $0 $361,586 $186,059 $3,956,325 Novant Health Inc. (Carl Armato) (2018) (9) $1,503,933 $1,331,375 $0 $677,931 $40,045 $3,553,284 CBL & Associates (Stephen Lebovitz) $672,315 $953,500 $1,611,066 $0 $196,471 $3,433,352 Herbalife Ltd. (Michael Johnson (10) $873,692 $844,795 $134,988 $0 $229,483 $2,082,958 Sturm, Ruger & Co. Inc. (Christopher Killoy) $500,000 $372,416 $1,000,000 $0 $50,548 $1,922,964 Insteel Industries Inc. (H.O. Woltz III) $635,000 $0 $599,990 $511,779 $22,691 $1,769,460 Moses Cone Memorial Hospital Operating Corp. (Terry Akin) (9) $1,144,383 $337,885 $0 $86,466 $56,521 $1,625,255 Unifi Inc. (Thomas Caudle) (11) $770,000 $0 $675,343 $0 $163,729 $1,609,072 Hooker Furniture Corp. (Paul Toms Jr.) $444,167 $0 $337,500 $764,385 $19,523 $1,565,575 Wake Forest Baptist Medical Center (Dr. Julie Ann Fresichlag) (2017) (12) $796,930 $190,000 $0 $190,699 $23,480 $1,201,109 Catalyst Biosciences Inc. (Nassim Usman) $524,832 $211,560 $455,364 $0 $7,109 $1,198,865 Culp Inc. (Franklin Saxon) $441,857 $45,000 $327,220 $72,075 $225,300 $1,111,452 First Bancorp (Richard Moore) $400,000 $109,440 $509,440 $0 $33,080 $1,051,960 22nd Century Group Inc. (Cli�ord Fleet) $303,442 $0 $202,000 $0 $8,676 $514,118 Winston-Salem Industries for the Blind Inc./IFB Solutions (David Horton) (2018) $320,309 $103,230 $0 $57,715 $30,663 $511,917 Bassett Furniture Industries Inc. (Robert Spillman Jr.) $415,000 $0 $0 $0 $8,320 $423,320 Goodwill Industries of NW N.C. Inc. (Art Gibel) (2017) $281,005 $17,350 $0 $34,851 $31,184 $364,390 Baptist Retirement Homes of N.C. Inc. (William Stillerman) (2018) $276,927 $16,635 $0 $52,800 $10,674 $357,036 YMCA of Northwest N.C. (Stan Law) (2018) $265,396 $0 $0 $32,225 $21,899 $319,520 Arbor Acres United Methodist Retirement CommunitY. (Andrew Applegate) (2018) $225,000 $22,600 $0 $16,432 $44,423 $308,455 United Way of Forsyth County Inc. (Cynthia Gordineer) (2017) $203,951 $0 $0 $18,356 $3,639 $225,946 Moravian Home Inc., dba Salemtowne (Mark Steele) (2018) $184,881 $0 $0 $10,743 $17,118 $212,742 TOTALS $30,271,818 $50,255,876 $134,691,989 $26,278,961 $5,141,097 $246,639,741

Note: Most nonprofits’ compensation is based on the latest available at www.guidestar.org. *Fair value of stock and option awards at time they were granted. ** Can include changes in pension values.(1) Charlie Scharf became chief executive of Wells Fargo & Co. on Oct. 21. (2) David King retired as chief executive of Laboratory Corp. of America on Nov. 1. (3) American Airlines elininated in April 2015 Douglas Parker‘s annual salary and qualifications for incentive pay in lieu of stock awards. (4) Kelly King became chairman and chief executive of Truist Financial Corp. on Dec. 6. (5) Jack Bowles became chief executive of British American Tobacco in April 2019. (6) Sara Greenstein became chief executive of Lydall on Nov. 18. (7) Thomas Harrington served as chief executive of Cott Corp, which bought Primo Water in March 2020. (8) Patrick Conway resigns as chief executive on Sept. 26. (9) Not-for-profit health care systems’ most recent executive compensation reporting period is for 2018. (10) Michael Johnson returned as Herbalife chief executive in January 2019. (11) Thomas Caudle became Unifi’s top executive on March 19. (12) Wake Forest Baptist Medical Center has delayed disclosing 2018 executive compensation until July 2020. Sources: SEC filings and nonprofit federal tax-return forms

What top Triad executives made in 2019

CASSANDRA SHERRILL/JOURNAL

GREG HAYESUnited Technologies Corp.

Base salary

$1.6 millionTotal

compensation

$21.5 million

KELLY KINGBB&T Corp.

Base salary

$1.1 millionTotal

compensation

$11.5 million

MARVIN ELLISONLowes Cos. Inc.

Base salary

$1.5 millionTotal

compensation

$11.6 million