Calix CEO Carl Russo's 2020 pay jumps 688% to $6.9M
Calix reports 2020 executive compensation
By ExecPay News
Published: April 1, 2021
Calix reported fiscal year 2020 executive compensation information on April 1, 2021.
In 2020, three Calix executives received on average a compensation package of $5.2M, a 111% increase compared to previous year.
Average pay of disclosed executives at Calix
Carl Russo, Chief Executive Officer, received $6.9M in total, which increased by 688% compared to 2019. 72% of Russo's compensation, or $5M, was in option awards. Russo also received $1.4M in non-equity incentive plan and $500K in salary.
For fiscal year 2020, the median employee pay was $162,542 at Calix. Therefore, the ratio of Carl Russo's pay to the median employee pay was 42 to one.
Michael Weening, Chief Operating Officer, received a compensation package of $5.8M, which increased by 40% compared to previous year. 63% of the compensation package, or $3.6M, was in option awards.
Cory Sindelar, Chief Financial Officer, earned $2.8M in 2020, a 20% increase compared to previous year.
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Source: SEC filing on April 1, 2021.