Calix Executive Vice President, Global Operations Michael Weening's 2019 pay jumps 243% to $4.2M
Calix reports 2019 executive compensation
By ExecPay News
Published: April 1, 2020
Calix reported fiscal year 2019 executive compensation information on April 1, 2020.
In 2019, three Calix executives received on average a compensation package of $2.5M, a 192% increase compared to previous year.
Average pay of disclosed executives at Calix
Michael Weening, Executive Vice President, Global Operations, received $4.2M in total, which increased by 243% compared to 2018. 85% of Weening's compensation, or $3.6M, was in option awards. Weening also received $238K in non-equity incentive plan, $352K in salary, as well as $13K in other compensation.
For fiscal year 2019, the median employee pay was $150,529 at Calix. Therefore, the ratio of Michael Weening's pay to the median employee pay was 28 to one.
Cory Sindelar, Chief Financial Officer, received a compensation package of $2.3M, which increased by 186% compared to previous year. 78% of the compensation package, or $1.8M, was in option awards.
Carl Russo, Chief Executive Officer, earned $875K in 2019, a 75% increase compared to previous year.
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Source: SEC filing on April 1, 2020.