Dolby Laboratories CEO Kevin Yeaman's 2021 pay jumps 22% to $9.6M
Dolby Laboratories reports 2021 executive compensation
By ExecPay News
Published: December 17, 2021
Dolby Laboratories reported fiscal year 2021 executive compensation information on December 17, 2021.
In 2021, five executives at Dolby Laboratories received on average a compensation package of $4.7M, a 4% increase compared to previous year.
Average pay of disclosed executives at Dolby Laboratories
Kevin Yeaman, Chief Executive Officer, received $9.6M in total, which increased by 22% compared to 2020. 61% of Yeaman's compensation, or $5.8M, was in stock awards. Yeaman also received $1M in non-equity incentive plan, $1.9M in option awards, $872K in salary, as well as $31K in other compensation.
For fiscal year 2021, the median employee pay was $140,280 at Dolby Laboratories. Therefore, the ratio of Kevin Yeaman's pay to the median employee pay was 69 to one.
Lewis Chew, Chief Financial Officer, received a compensation package of $3.6M, which increased by 19% compared to previous year. 54% of the compensation package, or $1.9M, was in stock awards.
Andy Sherman, General Counsel, earned $3.5M in 2021, a 19% increase compared to previous year.
Giles Baker, Senior Vice President, Consumer Entertainment, received $3.4M in 2021, which increases by 19% compared to 2020.
Todd Pendleton, Chief Marketing Officer, earned $3.2M in 2021, a 37% increase compared to previous year.
Dolby Laboratories' fiscal year ends on September 27.
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Source: SEC filing on December 17, 2021.