Cray CEO Peter Ungaro's 2018 pay rises 9% to $3.4M
Cray reports 2018 executive compensation
By ExecPay News
Published: April 18, 2019
Cray reported fiscal year 2018 executive compensation information on April 18, 2019.
In 2018, five Cray executives received on average a compensation package of $1.6M, a 12% decrease compared to previous year.
Average pay of disclosed executives at Cray
Peter J. Ungaro, Chief Executive Officer, received $3.4M in total, which increased by 9% compared to 2017. 51% of Ungaro's compensation, or $1.7M, was in stock awards. Ungaro also received $56K in bonus, $324K in non-equity incentive plan, $721K in option awards, $540K in salary, as well as $3.2K in other compensation.
For fiscal year 2018, the median employee pay was $114,471 at Cray. Therefore, the ratio of Peter J. Ungaro's pay to the median employee pay was 30 to one.
Brian C. Henry, Chief Financial Officer, received a compensation package of $1.4M, which is about the same as previous year. 45% of the compensation package, or $643K, was in stock awards.
Efstathios Papaefstathiou, Senior Vice President, Research and Development, earned $1.3M in 2018, a 53% decrease compared to previous year.
Michael C. Piraino, General Counsel, received $960K in 2018, which decreases by 1% compared to 2017.
Charles A. Morreale, Senior Vice President, Field Operations, earned $922K in 2018, a 9% increase compared to previous year.
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Source: SEC filing on April 18, 2019.