Lowe’s Cos. new Chief Executive Officer Marvin Ellison earned more than half of his compensation for 2018 in stock awards, according to a Thursday filing with the Securities and Exchange Commission.

Ellison earned a total compensation of $14.3 million in 2018 while $7.6 million of it came from stock awards. He started his job on July 2, replacing Robert Niblock, who still received a total compensation of $10.5 million in 2018.

New Chief Financial Officer David Denton received $195,673 million in salary along with $879,205 in stock options, $890,406 in restricted stock awards and $1.0 million in bonus, totaling $3.1 million.

Denton was named CFO in August of 2018, following Marshall Croom’s retirement.

Croom had been a part of the company for 21 years, serving in various roles with the home improvement company.

According to the filing, for fiscal 2018, the median compensation of Lowe’s employees was $22,921.

The ratio of the annual total compensation for Ellison to the median of the annual total compensation of all employees is 459 to 1.

In February, the Mooresville-based home improvement retailer reported fourth-quarter revenue of $15.65 billion, falling behind Wall Street expectations of $15.74 billion due to unfavorable weather and slowdown of the housing market. However, its earnings were better than the ones reported by its rival Home Depot Inc.

Lowe’s stock closed at $113.74 on Thursday, down 2.92 percent from previous day’s closing price

The company’s annual meeting will be held May 31 at 10 a.m. at the Ballantyne Hotel in Charlotte.