Legg Mason CEO Joseph Sullivan's 2014 pay jumps 58% to $12M
Legg Mason reports 2014 executive compensation
By ExecPay News
Published: June 18, 2014
Legg Mason reported fiscal year 2014 executive compensation information on June 18, 2014.
In 2014, five Legg Mason executives received on average a compensation package of $4.8M, a 5% decrease compared to previous year.
Average pay of disclosed executives at Legg Mason
Joseph A. Sullivan, Chief Executive Officer, received $12M in total, which increased by 58% compared to 2013. 53% of Sullivan's compensation, or $6.1M, was in option awards. Sullivan also received $3.6M in bonus, $500K in salary, $1.3M in stock awards, as well as $124K in other compensation.
Thomas K. Hoops, Executive Vice President, received a compensation package of $4.6M. 76% of the compensation package, or $3.5M, was in stock awards.
Terence Johnson, Executive Vice President, earned $3.7M in 2014.
Peter H. Nachtwey, Chief Financial Officer, received $2.8M in 2014, which decreases by 31% compared to 2013.
Thomas C. Merchant, Executive Vice President, earned $1.3M in 2014.
Legg Mason's fiscal year ends on March 31.
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Source: SEC filing on June 18, 2014.