Cogent Communications Holdings CEO Dave Schaeffer's 2018 pay rises 3% to $7.7M

Cogent Communications Holdings reports 2018 executive compensation

By ExecPay News

Published: March 15, 2019

Cogent Communications Holdings reported fiscal year 2018 executive compensation information on March 15, 2019.

In 2018, five executives at Cogent Communications Holdings received on average a compensation package of $2.3M, a 3% increase compared to previous year.

Average pay of disclosed executives at Cogent Communications Holdings

Dave Schaeffer, Chief Executive Officer, received $7.7M in total, which increased by 3% compared to 2017. 96% of Schaeffer's compensation, or $7.4M, was in stock awards. Schaeffer also received $274K in non-equity incentive plan and $5.5K in other compensation.

For fiscal year 2018, the median employee pay was $80,376 at Cogent Communications Holdings. Therefore, the ratio of Dave Schaeffer's pay to the median employee pay was 96 to one.

Thaddeus Weed, Chief Financial Officer, received a compensation package of $1.4M, which increased by 3% compared to previous year. 78% of the compensation package, or $1.1M, was in stock awards.

James Bubeck, Chief Revenue Officer, earned $873K in 2018, a 3% increase compared to previous year.

Robert Beury, Chief Legal Officer, received $850K in 2018, which increases by 3% compared to 2017.

Timothy O'Neill, VP, earned $844K in 2018, a 3% increase compared to previous year.