Energy Recovery CEO Robert Mao's 2021 pay slips 4% to $2M
Energy Recovery reports 2021 executive compensation
By ExecPay News
Published: April 25, 2022
Energy Recovery reported fiscal year 2021 executive compensation information on April 25, 2022.
In 2021, five executives at Energy Recovery received on average a compensation package of $1.1M, which is about the same as previous year.
Average pay of disclosed executives at Energy Recovery
Robert Yu Lang Mao, Chief Executive Officer, received $2M in total, which decreased by 4% compared to 2020. 50% of Mao's compensation, or $1M, was in option awards. Mao also received $464K in non-equity incentive plan, $514K in salary, as well as $28K in other compensation.
Joshua Ballard, Chief Financial Officer, received a compensation package of $945K, which increased by 10% compared to previous year. 40% of the compensation package, or $375K, was in option awards.
Rodney Clemente, Senior Vice President, Water, earned $886K in 2021, which is about the same as previous year.
Farshad Ghasripoor, Chief Technology Officer, received $816K in 2021, which increases by 6% compared to 2020.
William W. Yeung, Chief Legal Officer, earned $791K in 2021.
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Source: SEC filing on April 25, 2022.