2U CEO Christopher Paucek's 2018 pay jumps 399% to $17M
2U reports 2018 executive compensation
By ExecPay News
Published: April 30, 2019
2U reported fiscal year 2018 executive compensation information on April 30, 2019.
In 2018, five 2U executives received on average a compensation package of $5.7M, a 152% increase compared to previous year.
Average pay of disclosed executives at 2U
Christopher J. Paucek, Chief Executive Officer, received $17M in total, which increased by 399% compared to 2017. 63% of Paucek's compensation, or $11M, was in option awards. Paucek also received $379K in non-equity incentive plan, $541K in salary, $5.4M in stock awards, as well as $3.7K in other compensation.
For fiscal year 2018, the median employee pay was $62,222 at 2U. Therefore, the ratio of Christopher J. Paucek's pay to the median employee pay was 272 to one.
Mark J. Chernis, Chief Operating Officer, received a compensation package of $3.8M. 44% of the compensation package, or $1.7M, was in option awards.
Catherine A. Graham, Chief Financial Officer, earned $3.5M in 2018, a 66% increase compared to previous year.
James Kenigsberg, Chief Technology Officer, received $2.1M in 2018, which increases by 15% compared to 2017.
Harsha Mokkarala, Chief Revenue Officer, earned $2M in 2018, a 18% increase compared to previous year.
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Source: SEC filing on April 30, 2019.