Genco Shipping & Trading CEO John Wobensmith's 2019 pay rises 8% to $2.4M
Genco Shipping & Trading reports 2019 executive compensation
By ExecPay News
Published: April 13, 2020
Genco Shipping & Trading reported fiscal year 2019 executive compensation information on April 13, 2020.
In 2019, five executives at Genco Shipping & Trading received on average a compensation package of $928K, a 22% decrease compared to previous year.
Average pay of disclosed executives at Genco Shipping & Trading
John C. Wobensmith, Chief Executive Officer, received $2.4M in total, which increased by 8% compared to 2018. 29% of Wobensmith's compensation, or $686K, was in bonus. Wobensmith also received $508K in option awards, $650K in salary, $500K in stock awards, as well as $40K in other compensation.
Apostolos D. Zafolias, Chief Financial Officer, received a compensation package of $719K, which increased by 4% compared to previous year. 45% of the compensation package, or $325K, was in salary.
Arthur L. Regan, Chairman, earned $672K in 2019, a 2% increase compared to previous year.
Joseph Adamo, Chief Accounting Officer, received $463K in 2019.
Robert Hughes, Chief Operations Officer, earned $404K in 2019.
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Source: SEC filing on April 13, 2020.