HCI Group CEO Paresh Patel's 2020 pay slips 14% to $5.2M
HCI Group reports 2020 executive compensation
By ExecPay News
Published: April 29, 2021
HCI Group reported fiscal year 2020 executive compensation information on April 29, 2021.
In 2020, five HCI Group executives received on average a compensation package of $1.5M, a 11% decrease compared to previous year.
Average pay of disclosed executives at HCI Group
Paresh Patel, Chief Executive Officer, received $5.2M in total, which decreased by 14% compared to 2019. 35% of Patel's compensation, or $1.8M, was in stock awards. Patel also received $1M in bonus, $1.2M in option awards, $987K in salary, as well as $170K in other compensation.
For fiscal year 2020, the median employee pay was $66,586 at HCI Group. Therefore, the ratio of Paresh Patel's pay to the median employee pay was 79 to one.
Mark Harmsworth, Chief Financial Officer, received a compensation package of $620K, which decreased by 3% compared to previous year. 54% of the compensation package, or $332K, was in salary.
Andrew L. Graham, General Counsel, earned $536K in 2020, a 1% decrease compared to previous year.
Karin Coleman, Chief Operating Officer, received $509K in 2020, which decreases by 1% compared to 2019.
Anthony Saravanos, Divisional President, Real Estate Division, earned $500K in 2020, a 1% decrease compared to previous year.
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Source: SEC filing on April 29, 2021.