AXT CEO Morris Young's 2021 pay jumps 117% to $2.8M
AXT reports 2021 executive compensation
By ExecPay News
Published: April 8, 2022
AXT reported fiscal year 2021 executive compensation information on April 8, 2022.
In 2021, two AXT executives received on average a compensation package of $2M, a 110% increase compared to previous year.
Average pay of disclosed executives at AXT
Morris S. Young, Chief Executive Officer, received $2.8M in total, which increased by 117% compared to 2020. 67% of Young's compensation, or $1.9M, was in stock awards. Young also received $465K in non-equity incentive plan, $445K in salary, as well as $37K in other compensation.
For fiscal year 2021, the median employee pay was $12,964 at AXT. Therefore, the ratio of Morris S. Young's pay to the median employee pay was 219 to one.
Gary L. Fischer, Chief Financial Officer, received a compensation package of $1.3M, which increased by 95% compared to previous year. 57% of the compensation package, or $710K, was in stock awards.
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Source: SEC filing on April 8, 2022.