IAC CEO Joseph Levin's 2021 pay falls 97% to $5.4M
IAC reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
IAC reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, five IAC executives received on average a compensation package of $3.3M, a 96% decrease compared to previous year.
Average pay of disclosed executives at IAC
Joseph Levin, Chief Executive Officer, received $5.4M in total, which decreased by 97% compared to 2020. 75% of Levin's compensation, or $4M, was in bonus. Levin also received $1M in salary and $365K in other compensation.
For fiscal year 2021, the median employee pay was $62,542 at IAC. Therefore, the ratio of Joseph Levin's pay to the median employee pay was 86 to one.
Kendall Handler, Chief Legal Officer, received a compensation package of $4.8M. 47% of the compensation package, or $2.2M, was in stock awards.
Barry Diller, Chairman, earned $3.4M in 2021, a 93% decrease compared to previous year.
Mark Stein, Executive Vice President and Chief Strategy Officer, received $2.6M in 2021, which decreases by 88% compared to 2020.
Glenn H. Schiffman, Chief Financial Officer, earned $427K in 2021, a 99% decrease compared to previous year.
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Source: SEC filing on April 29, 2022.