Legg Mason CEO Joseph Sullivan's 2013 pay jumps 126% to $7.3M
Legg Mason reports 2013 executive compensation
By ExecPay News
Published: June 12, 2013
Legg Mason reported fiscal year 2013 executive compensation information on June 12, 2013.
In 2013, six Legg Mason executives received on average a compensation package of $5M, a 77% increase compared to previous year.
Average pay of disclosed executives at Legg Mason
Joseph A. Sullivan, Chief Executive Officer, received $7.3M in total, which increased by 126% compared to 2012. 52% of Sullivan's compensation, or $3.8M, was in stock awards. Sullivan also received $2.7M in bonus, $330K in option awards, $425K in salary, as well as $68K in other compensation.
Ronald R. Dewhurst, Former Senior Executive Vice President, received a compensation package of $6.9M, which increased by 97% compared to previous year. 55% of the compensation package, or $3.8M, was in other compensation.
Mark R. Fetting, Chief Executive Officer, earned $5.8M in 2013, a 17% increase compared to previous year.
Peter H. Nachtwey, Chief Financial Officer, received $4.1M in 2013, which increases by 125% compared to 2012.
Thomas P. Lemke, Former Executive Vice President, earned $3.8M in 2013, a 103% increase compared to previous year.
Jeffrey A. Nattans, Executive Vice President, received $2.3M in 2013, which increases by 36% compared to 2012.
Legg Mason's fiscal year ends on March 31.
Related executives
Joseph Sullivan
Legg Mason
Chief Executive Officer
Peter Nachtwey
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Chief Financial Officer
Ronald Dewhurst
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Former Senior Executive Vice President
Thomas Lemke
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Former Executive Vice President
Jeffrey Nattans
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Mark Fetting
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Source: SEC filing on June 12, 2013.