Corrections Corporation of America CEO Damon Hininger's 2019 pay jumps 30% to $5.3M

Corrections Corporation of America reports 2019 executive compensation

By ExecPay News

Published: April 3, 2020

Corrections Corporation of America reported fiscal year 2019 executive compensation information on April 3, 2020.

In 2019, five executives at Corrections Corporation of America received on average a compensation package of $2.8M, a 19% increase compared to previous year.

Average pay of disclosed executives at Corrections Corporation of America

Damon T. Hininger, Chief Executive Officer, received $5.3M in total, which increased by 30% compared to 2018. 49% of Hininger's compensation, or $2.6M, was in stock awards. Hininger also received $20K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $940K in salary, as well as $112K in other compensation.

For fiscal year 2019, the median employee pay was $37,846 at Corrections Corporation of America. Therefore, the ratio of Damon T. Hininger's pay to the median employee pay was 141 to one.

Anthony L. Grande, Executive Vice President and Chief Development Officer, received a compensation package of $2.3M, which increased by 13% compared to previous year. 44% of the compensation package, or $1M, was in stock awards.

David M. Garfinkle, Chief Financial Officer, earned $2.2M in 2019, a 12% increase compared to previous year.

Lucibeth N. Mayberry, Executive Vice President, Real Estate, received $2.1M in 2019, which increases by 13% compared to 2018.

Patrick D. Swindle, Executive Vice President and Chief Corrections Officer, earned $2.1M in 2019, a 13% increase compared to previous year.