Landstar System CEO Henry Gerkens' 2010 pay jumps 101% to $3.6M
Landstar System reports 2010 executive compensation
By ExecPay News
Published: April 14, 2011
Landstar System reported fiscal year 2010 executive compensation information on April 14, 2011.
In 2010, six executives at Landstar System received on average a compensation package of $1.5M, a 81% increase compared to previous year.
Average pay of disclosed executives at Landstar System
Henry H. Gerkens, Chief Executive Officer, received $3.6M in total, which increased by 101% compared to 2009. 84% of Gerkens' compensation, or $3M, was in non-equity incentive plan. Gerkens also received $44K of change in pension value and nonqualified deferred compensation earnings, $500K in salary, as well as $30K in other compensation.
James B. Gattoni, Chief Financial Officer, received a compensation package of $1.6M, which increased by 111% compared to previous year. 71% of the compensation package, or $1.1M, was in non-equity incentive plan.
Patrick J. O'Malley, Vice President and Chief Commercial and Marketing Officer, earned $1M in 2010, a 66% increase compared to previous year.
Larry S. Thomas, Vice President and Chief Information Officer, received $1M in 2010, which increases by 145% compared to 2009.
Michael K. Kneller, General Counsel, earned $970K in 2010, a 47% increase compared to previous year.
Joseph J. Beacom, Vice President and Chief Safety and Operations Officer, received $651K in 2010.
Landstar System's fiscal year ends on December 28.
Related executives
Henry Gerkens
Landstar System
Chief Executive Officer
James Gattoni
Landstar System
Chief Executive Officer
Patrick O'Malley
Landstar System
Vice President and Chief Commercial and Marketing Officer
Joseph Beacom
Landstar System
Vice President and Chief Safety and Operations Officer
Michael Kneller
Landstar System
General Counsel
Larry Thomas
Landstar System
Vice President and Chief Information Officer
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Source: SEC filing on April 14, 2011.