Derek G. Solon
2019
In 2019, Derek G. Solon earned a total compensation of $1M as Vice President and Chief Commercial Officer at International Seaways, a 28% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $238,040 |
|---|---|
| Option Awards | $100,000 |
| Salary | $299,944 |
| Stock Awards | $369,998 |
| Other | $37,153 |
| Total | $1,045,135 |
Solon received $370K in stock awards, accounting for 35% of the total pay in 2019.
Solon also received $238K in non-equity incentive plan, $100K in option awards, $299.9K in salary and $37.2K in other compensation.
Rankings
In 2019, Derek G. Solon's compensation ranked 9,090th out of 13,971 executives tracked by ExecPay. In other words, Solon earned more than 34.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 9,090 out of 13,971 | 35th |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 672 out of 895 | 25th |
Major group Water Transportation | 30 out of 45 | 33rd |
Pay ratio
| Derek G. Solon's Pay | $1,045,135 |
|---|---|
| Median Employee's Pay | $21,487 |
| Pay Ratio | 49to 1 |
In 2019, the annual total compensation of Derek G. Solon was $1,045,135.
The annual total compensation of the median employee at International Seaways was $21,487.
The ratio of Derek G. Solon's pay to the pay of median employee was therefore 49 to one.
Source: SEC filing on April 29, 2020.
Solon's colleagues
We found four more compensation records of executives who worked with Derek G. Solon at International Seaways in 2019.