Ciena CEO Gary Smith's 2021 pay rises 2% to $11M
Ciena reports 2021 executive compensation
By ExecPay News
Published: February 15, 2022
Ciena reported fiscal year 2021 executive compensation information on February 15, 2022.
In 2021, five Ciena executives received on average a compensation package of $4.8M, a 4% increase compared to previous year.
Average pay of disclosed executives at Ciena
Gary B. Smith, Chief Executive Officer, received $11M in total, which increased by 2% compared to 2020. 75% of Smith's compensation, or $8.6M, was in stock awards. Smith also received $1.9M in non-equity incentive plan, $1M in salary, as well as $12K in other compensation.
For fiscal year 2021, the median employee pay was $104,586 at Ciena. Therefore, the ratio of Gary B. Smith's pay to the median employee pay was 109 to one.
James E. Moylan, Jr, Chief Financial Officer, received a compensation package of $3.3M, which increased by 7% compared to previous year. 59% of the compensation package, or $1.9M, was in stock awards.
Jason M. Phipps, SVP, Global Customer Engagement, earned $3.2M in 2021, a 7% increase compared to previous year.
Scott A. McFeely, SVP, Global Products and Services, received $3.1M in 2021, which increases by 6% compared to 2020.
David M. Rothenstein, General Counsel, earned $2.7M in 2021, a 6% increase compared to previous year.
Ciena's fiscal year ends on October 29.
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Source: SEC filing on February 15, 2022.