Cogent Communications Holdings CEO Dave Schaeffer's 2021 pay slips 18% to $12M

Cogent Communications Holdings reports 2021 executive compensation

By ExecPay News

Published: March 14, 2022

Cogent Communications Holdings reported fiscal year 2021 executive compensation information on March 14, 2022.

In 2021, six executives at Cogent Communications Holdings received on average a compensation package of $2.8M, a 17% decrease compared to previous year.

Average pay of disclosed executives at Cogent Communications Holdings

Dave Schaeffer, Chief Executive Officer, received $12M in total, which decreased by 18% compared to 2020. 97% of Schaeffer's compensation, or $11M, was in stock awards. Schaeffer also received $352K in non-equity incentive plan and $4.4K in other compensation.

James Bubeck, Chief Revenue Officer, received a compensation package of $1.2M, which decreased by 11% compared to previous year. 65% of the compensation package, or $746K, was in stock awards.

Sean Wallace, Chief Financial Officer, earned $1.1M in 2021, a 4% decrease compared to previous year.

Brad Kummer, Chief Technology Officer, received $1M in 2021, which decreases by 14% compared to 2020.

John Chang, Chief Legal Officer, earned $1M in 2021, a 14% decrease compared to previous year.

Timothy O'Neill, VP, received $885K in 2021, which decreases by 29% compared to 2020.