Corrections Corporation of America CEO Damon Hininger's 2020 pay slips 18% to $4.4M

Corrections Corporation of America reports 2020 executive compensation

By ExecPay News

Published: March 30, 2021

Corrections Corporation of America reported fiscal year 2020 executive compensation information on March 30, 2021.

In 2020, five executives at Corrections Corporation of America received on average a compensation package of $2.3M, a 17% decrease compared to previous year.

Average pay of disclosed executives at Corrections Corporation of America

Damon T. Hininger, Chief Executive Officer, received $4.4M in total, which decreased by 18% compared to 2019. 59% of Hininger's compensation, or $2.6M, was in stock awards. Hininger also received $56K of change in pension value and nonqualified deferred compensation earnings, $659K in non-equity incentive plan, $940K in salary, as well as $151K in other compensation.

For fiscal year 2020, the median employee pay was $41,134 at Corrections Corporation of America. Therefore, the ratio of Damon T. Hininger's pay to the median employee pay was 107 to one.

Anthony L. Grande, Executive Vice President and Chief Development Officer, received a compensation package of $1.9M, which decreased by 17% compared to previous year. 53% of the compensation package, or $1M, was in stock awards.

David M. Garfinkle, Chief Financial Officer, earned $1.8M in 2020, a 18% decrease compared to previous year.

Lucibeth N. Mayberry, Executive Vice President, Real Estate, received $1.8M in 2020, which decreases by 17% compared to 2019.

Patrick D. Swindle, Executive Vice President and Chief Corrections Officer, earned $1.7M in 2020, a 17% decrease compared to previous year.