AeroVironment CEO Wahid Nawabi's 2019 pay rises 18% to $2.1M
AeroVironment reports 2019 executive compensation
By ExecPay News
Published: August 15, 2019
AeroVironment reported fiscal year 2019 executive compensation information on August 15, 2019.
In 2019, five executives at AeroVironment received on average a compensation package of $958K, a 21% increase compared to previous year.
Average pay of disclosed executives at AeroVironment
Wahid Nawabi, Chief Executive Officer, received $2.1M in total, which increased by 18% compared to 2018. 40% of Nawabi's compensation, or $819K, was in non-equity incentive plan. Nawabi also received $5 in bonus, $591K in option awards, $624K in salary, $1.5K in stock awards, as well as $17K in other compensation.
For fiscal year 2019, the median employee pay was $105,019 at AeroVironment. Therefore, the ratio of Wahid Nawabi's pay to the median employee pay was 20 to one.
Teresa Covington, Chief Financial Officer, received a compensation package of $831K, which increased by 21% compared to previous year. 42% of the compensation package, or $351K, was in salary.
Kirk Flittie, Former Senior Vice President & General Manager, UAS, earned $807K in 2019, a 18% increase compared to previous year.
Kenneth Karklin, Senior Vice President Operations, received $565K in 2019, which increases by 19% compared to 2018.
Melissa Brown, General Counsel, earned $536K in 2019, a 35% increase compared to previous year.
AeroVironment's fiscal year ends on April 30.
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Source: SEC filing on August 15, 2019.