Lightning eMotors CEO Tim Reeser's 2021 pay jumps 871% to $3.3M
Lightning eMotors reports 2021 executive compensation
By ExecPay News
Published: June 14, 2022
Lightning eMotors reported fiscal year 2021 executive compensation information on June 14, 2022.
In 2021, three executives at Lightning eMotors received on average a compensation package of $1.9M, a 458% increase compared to previous year.
Average pay of disclosed executives at Lightning eMotors
Tim Reeser, Chief Executive Officer, received $3.3M in total, which increased by 871% compared to 2020. 40% of Reeser's compensation, or $1.3M, was in option awards. Reeser also received $300K in bonus, $390K in salary, $1.3M in stock awards, as well as $12K in other compensation.
Teresa Covington, Chief Financial Officer, received a compensation package of $1.5M. 40% of the compensation package, or $600K, was in stock awards.
Kash Sethi, Chief Revenue Officer, earned $850K in 2021.
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Source: SEC filing on June 14, 2022.