Great Lakes Dredge & Dock CEO Lasse Petterson's 2019 pay rises 17% to $3.8M
Great Lakes Dredge & Dock reports 2019 executive compensation
By ExecPay News
Published: March 24, 2020
Great Lakes Dredge & Dock reported fiscal year 2019 executive compensation information on March 24, 2020.
In 2019, four executives at Great Lakes Dredge & Dock received on average a compensation package of $1.8M, a 25% increase compared to previous year.
Average pay of disclosed executives at Great Lakes Dredge & Dock
Lasse J. Petterson, Chief Executive Officer, received $3.8M in total, which increased by 17% compared to 2018. 42% of Petterson's compensation, or $1.6M, was in non-equity incentive plan. Petterson also received $700K in salary, $1.4M in stock awards, as well as $144K in other compensation.
For fiscal year 2019, the median employee pay was $95,938 at Great Lakes Dredge & Dock. Therefore, the ratio of Lasse J. Petterson's pay to the median employee pay was 40 to one.
David E. Simonelli, Chief Operating Officer, received a compensation package of $1.3M, which increased by 12% compared to previous year. 38% of the compensation package, or $498K, was in non-equity incentive plan.
Mark W. Marinko, Chief Financial Officer, earned $1.1M in 2019, a 12% increase compared to previous year.
Kathleen M. LaVoy, Chief Legal Officer, received $975K in 2019, which increases by 22% compared to 2018.
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Source: SEC filing on March 24, 2020.