Corrections Corporation of America CEO Damon Hininger's 2021 pay jumps 24% to $5.4M

Corrections Corporation of America reports 2021 executive compensation

By ExecPay News

Published: March 30, 2022

Corrections Corporation of America reported fiscal year 2021 executive compensation information on March 30, 2022.

In 2021, five executives at Corrections Corporation of America received on average a compensation package of $2.9M, a 24% increase compared to previous year.

Average pay of disclosed executives at Corrections Corporation of America

Damon T. Hininger, Chief Executive Officer, received $5.4M in total, which increased by 24% compared to 2020. 48% of Hininger's compensation, or $2.6M, was in stock awards. Hininger also received $86K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $964K in salary, as well as $101K in other compensation.

For fiscal year 2021, the median employee pay was $44,154 at Corrections Corporation of America. Therefore, the ratio of Damon T. Hininger's pay to the median employee pay was 123 to one.

Anthony L. Grande, Executive Vice President Chief Development Officer, received a compensation package of $2.3M, which increased by 23% compared to previous year. 43% of the compensation package, or $1M, was in stock awards.

David M. Garfinkle, Chief Financial Officer, earned $2.3M in 2021, a 25% increase compared to previous year.

Lucibeth N. Mayberry, Executive Vice President, Real Estate, received $2.2M in 2021, which increases by 24% compared to 2020.

Patrick D. Swindle, Chief Operating Officer, earned $2.2M in 2021, a 24% increase compared to previous year.