Last updated: 26 October 2021 at 4:35pm EST
The estimated Net Worth of W Craig Jelinek is at least $181 Million dollars as of 29 October 2018. Mr. Jelinek owns over 22,500 units of Costco Wholesale Corp stock worth over $167,586,957 and over the last 18 years he sold COST stock worth over $5,029,200. In addition, he makes $8,016,200 as President, Chief Executive Officer, and Director at Costco Wholesale Corp.
Mr. Jelinek COST stock SEC Form 4 insiders trading
W has made over 16 trades of the Costco Wholesale Corp stock since 2004, according to the Form 4 filled with the SEC. Most recently he sold 22,500 units of COST stock worth $5,029,200 on 29 October 2018.
The largest trade he's ever made was exercising 120,000 units of Costco Wholesale Corp stock on 17 December 2012 worth over $3,844,800. On average, W trades about 12,179 units every 82 days since 2004. As of 29 October 2018 he still owns at least 311,958 units of Costco Wholesale Corp stock.
You can see the complete history of Mr. Jelinek stock trades at the bottom of the page.
W. Craig Jelinek serves as President, Chief Executive Officer, Director of the Company. Mr. Jelinek previously was President and Chief Operating Officer from February 2010 until January 2012, and was Executive Vice President in charge of merchandising beginning in 2004. He spent the previous twenty years in various management positions in warehouse operations. Mr. Jelinek’s qualifications to serve on the Board include his extensive knowledge of our Company’s business developed over the course of his long career here, particularly in the areas of operations and merchandising.
What is the salary of W Jelinek?
As the President, Chief Executive Officer, and Director of Costco Wholesale Corp, the total compensation of W Jelinek at Costco Wholesale Corp is $8,016,200. There are no executives at Costco Wholesale Corp getting paid more.
W Jelinek is 67, he's been the President, Chief Executive Officer, and Director of Costco Wholesale Corp since 2012. There are 8 older and 14 younger executives at Costco Wholesale Corp. The oldest executive at Costco Wholesale Corp is Charles Munger, 96, who is the Independent Director.
Over the last 19 years, insiders at Costco Wholesale Corp have traded over $478,465,116 worth of Costco Wholesale Corp stock and bought 28,775 units worth $3,804,719 . The most active insiders traders include Hamilton E James, James D Sinegal, and Jeffrey H Brotman. On average, Costco Wholesale Corp executives and independent directors trade stock every 12 days with the average trade being worth of $13,101,880. The most recent stock trade was executed by James P. Murphy on 20 July 2022, trading 1,500 units of COST stock currently worth $787,800.
Complete history of Mr. Jelinek stock trades at Costco Wholesale Corp
Costco Wholesale Corp executives and other stock owners filed with the SEC include:
- W. Craig Jelinek President, Chief Executive Officer, Director
- Richard Galanti Chief Financial Officer, Executive Vice President, Director
- Joseph Portera Executive Vice President, Chief Operating Officer - Eastern and Canadian Divisions, Chief Diversity Officer
- Paul Moulton Executive Vice President, Chief Information Officer
- James Murphy Executive Vice President, Chief Operating Officer - International
- W. Craig Jelinek CEO & Director
- Richard A. Galanti Exec. VP, CFO & Director
- Ron M. Vachris Pres, COO & Director
- Joseph P. Portera Exec. VP, COO of Eastern & Canadian Divisions and Chief Diversity Officer
- James P. Murphy Exec. VP & COO of International Division
- Kenneth Denman Independent Director
- Charles Munger Independent Director
- Susan Decker Independent Director
- Mary Wilderotter Independent Director
- Jeffrey Raikes Independent Director
- John Stanton Independent Director
- Hamilton James Non-Executive Independent Chairman of the Board
- Ron Vachris Executive Vice President, Chief Operating Officer - Merchandising
- Timothy Rose Executive Vice President - Ancillary Businesses, Manufacturing, and Business Centers
- Russ Miller Executive Vice President, Chief Operating Officer - Southern Division and Mexico
- James Klauer Executive Vice President, Chief Operating Officer - Northern Division
- Patrick Callans Executive Vice President - Administration
- Timothy L. Rose Exec. VP of Ancillary Bus.es, Manufacturing & Bus. Centers
- John D. Thelan Sr. VP of Depots & Traffic
- Sandy Torrey Sr. VP of Membership, Marketing, Services & Publishing
- Robert E. Nelson III Sr. VP of Financial Planning & Investor Relations and Treasury
- Richard C. Chavez Sr. VP of Costco Wholesale Industries & Bus. Devel.
- John Sullivan Sr. VP, Gen. Counsel, Chief Compliance Officer & Sec.
- Robert E. Nelson Sr. VP of Financial Planning & Investor Relations and Treasury
- Patrick J. Callans Exec. VP of Admin.
- Paul G. Moulton Exec. VP & Chief Information Officer
- Daniel M. Hines
- John D Mc Kay Executive Vice President
- Roland Michael Vachris Executive VP
- Franz E Lazarus Executive VP
- Dennis R Zook Executive VP
- Daniel J Evans Director
- John W Meisenbach Director
- David S Petterson
- Richard M Libenson Director
- Jeffrey H Brotman Chairman of the Board
- Douglas W Schutt Executive VP
- Richard D Dicerchio Senior Executive VP
- James D Sinegal President and CEO
- Jill S Ruckelshaus Director
- Thomas Kirk Walker Executive VP
- William H Ii Gates Director
- Benjamin Sr Carson Director
- Yoram Rubananko Executive VP
- Sarah Mr Sally Jewell Director
- Claudine Adamo Executive Vice President
So far in his time as chief executive officer, Jelinek has preserved Sinegal's generous leadership strategy by prioritizing its people. "We just stayed to our principles. It's what we do: take care of customers and employees and the people who are selling us merchandise," he said in a Seattle Times interview (via Business Insider). In 2018, he had a reported base pay of $800,000 a year plus a $97,000 bonus. He netted another $6.3 million in stock awards.
The current minimum pay of a Costco employee is $16 per hour (via USA Today). "Since Costco's inception, the company has been committed to paying the employees very competitive retail wages and providing them broad and affordable health care benefits," Jelinek said in February 2021. "Two years ago we moved our starting hourly wage to $15 everywhere in the U.S." More than 50 percent of U.S.-based Costco staffers earn more than $25 per hour, according to the CEO (via NBC News).
Costco even rewards hourly employees with regular bonuses and offers paid vacation time. "We try to take care of our employees because they play such a significant role in our success," Jelinek said (via Deli Market News).
"This is not altruistic; this is good business," Sinegal told The New York Times in 2005 regarding Costco's wages and benefits plans. So, there you have it. Modest, progressive leaders running a company that treats its employees well. What a concept!
As President and Chief Executive Officer at COSTCO WHOLESALE CORP, W. Craig Jelinek made $8,595,381 in total compensation. Of this total $1,032,885 was received as a salary, $460,000 was received as a bonus, $0 was received in stock options, $7,049,636 was awarded as stock and $52,860 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year.
The chart on this page features a breakdown of the total annual pay for W. Craig Jelinek, President and Chief Executive Officer at COSTCO WHOLESALE CORP as reported in their proxy statements.
Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. COSTCO WHOLESALE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. COSTCO WHOLESALE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents.
Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.
Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.
For its 2021 fiscal year, COSTCO WHOLESALE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
| W. Craig Jelinek | CEO Pay $8,752,252 | Median Employee Pay $45,294 | CEO Pay Ratio 193:1 |
This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.
The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.
A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.