Cogent Communications Holdings CEO Dave Schaeffer's 2020 pay jumps 47% to $14M

Cogent Communications Holdings reports 2020 executive compensation

By ExecPay News

Published: March 14, 2022

Cogent Communications Holdings reported fiscal year 2020 executive compensation information on March 14, 2022.

In 2020, six executives at Cogent Communications Holdings received on average a compensation package of $3.4M, a 25% increase compared to previous year.

Average pay of disclosed executives at Cogent Communications Holdings

Dave Schaeffer, Chief Executive Officer, received $14M in total, which increased by 47% compared to 2019. 98% of Schaeffer's compensation, or $14M, was in stock awards. Schaeffer also received $229K in non-equity incentive plan and $5.7K in other compensation.

For fiscal year 2020, the median employee pay was $84,266 at Cogent Communications Holdings. Therefore, the ratio of Dave Schaeffer's pay to the median employee pay was 166 to one.

James Bubeck, Chief Revenue Officer, received a compensation package of $1.3M, which increased by 29% compared to previous year. 71% of the compensation package, or $921K, was in stock awards.

Timothy O'Neill, VP, earned $1.2M in 2020, a 27% increase compared to previous year.

Brad Kummer, Chief Technology Officer, received $1.2M in 2020, which increases by 28% compared to 2019.

John Chang, Chief Legal Officer, earned $1.2M in 2020, a 24% increase compared to previous year.

Sean Wallace, Chief Financial Officer, received $1.1M in 2020.