Kratos Defense & Security Solutions CEO Eric DeMarco's 2023 pay falls 35% to $4.6M

Kratos Defense & Security Solutions reports 2023 executive compensation

By ExecPay News

Published: April 11, 2024

Kratos Defense & Security Solutions reported fiscal year 2023 executive compensation information on April 11, 2024.

In 2023, five executives at Kratos Defense & Security Solutions received on average a compensation package of $2.2M, a 35% decrease compared to previous year.

Average pay of disclosed executives at Kratos Defense & Security Solutions

Eric DeMarco, Chief Executive Officer, received $4.6M in total, which decreased by 35% compared to 2022. 66% of DeMarco's compensation, or $3M, was in stock awards. DeMarco also received $638K in non-equity incentive plan, $850K in salary, as well as $77K in other compensation.

For fiscal year 2023, the median employee pay was $90,500 at Kratos Defense & Security Solutions. Therefore, the ratio of Eric DeMarco's pay to the median employee pay was 51 to one.

Deanna Lund, Chief Financial Officer, received a compensation package of $2.3M, which decreased by 37% compared to previous year. 66% of the compensation package, or $1.5M, was in stock awards.

Phillip Carrai, President, Space, Training Cyber Solutions Division, earned $1.7M in 2023, a 30% decrease compared to previous year.

Steven Fendley, President, Unmanned Systems Division, received $1.5M in 2023, which decreases by 43% compared to 2022.

Jonah Adelman, President, Microwave Electronics Division, earned $937K in 2023, a 11% decrease compared to previous year.

Kratos Defense & Security Solutions' fiscal year ends on December 29.