Corrections Corporation of America CEO Damon Hininger's 2018 pay jumps 73% to $4.1M

Corrections Corporation of America reports 2018 executive compensation

By ExecPay News

Published: April 4, 2019

Corrections Corporation of America reported fiscal year 2018 executive compensation information on April 4, 2019.

In 2018, five executives at Corrections Corporation of America received on average a compensation package of $2.4M, a 12% increase compared to previous year.

Average pay of disclosed executives at Corrections Corporation of America

Damon T. Hininger, Chief Executive Officer, received $4.1M in total, which increased by 73% compared to 2017. 52% of Hininger's compensation, or $2.1M, was in stock awards. Hininger also received $30K of change in pension value and nonqualified deferred compensation earnings, $884K in non-equity incentive plan, $926K in salary, as well as $131K in other compensation.

For fiscal year 2018, the median employee pay was $36,757 at Corrections Corporation of America. Therefore, the ratio of Damon T. Hininger's pay to the median employee pay was 112 to one.

Anthony L. Grande, Executive Vice President and Chief Development Officer, received a compensation package of $2M, which decreased by 7% compared to previous year. 51% of the compensation package, or $1M, was in stock awards.

David M. Garfinkle, Chief Financial Officer, earned $2M in 2018, a 7% decrease compared to previous year.

Lucibeth N. Mayberry, Executive Vice President, Real Estate, received $1.9M in 2018, which increases by 6% compared to 2017.

Patrick D. Swindle, Executive Vice President and Chief Corrections Officer, earned $1.9M in 2018.