Lordstown Motors Corp. CEO Daniel Ninivaggi receives $5.6M in 2021
Lordstown Motors Corp. reports 2021 executive compensation
By ExecPay News
Published: April 8, 2022
Lordstown Motors Corp. reported fiscal year 2021 executive compensation information on April 8, 2022.
In 2021, seven executives at Lordstown Motors Corp. received on average a compensation package of $2.8M, a 681% increase compared to previous year.
Average pay of disclosed executives at Lordstown Motors Corp.
Daniel A. Ninivaggi, Chief Executive Officer, received $5.6M in total. 69% of Ninivaggi's compensation, or $3.9M, was in stock awards. Ninivaggi also received $161K in bonus, $1.3M in option awards, as well as $237K in salary.
Jane Ritson-Parsons, Executive Vice President — Chief Commercial Officer, received a compensation package of $4.3M. 93% of the compensation package, or $4M, was in stock awards.
Chuan D. John Vo, Former Vice President of Propulsion, earned $3M in 2021.
Thomas V. Canepa, General Counsel, received $2.9M in 2021, which increases by 655% compared to 2020.
Adam Kroll, Chief Financial Officer, earned $1.8M in 2021.
Angela Strand, Former Executive Chair, received $1.4M in 2021.
Stephen S. Burns, Chief Executive Officer, earned $489K in 2021, a 82% increase compared to previous year.
Related executives
Daniel Ninivaggi
Lordstown Motors Corp.
Chairman
Adam Kroll
Lordstown Motors Corp.
Chief Financial Officer
Jane Ritson-Parsons
Lordstown Motors Corp.
Executive Vice President — Chief Commercial Officer
Angela Strand
Lordstown Motors Corp.
Former Executive Chair
Stephen Burns
Lordstown Motors Corp.
Chief Executive Officer
Thomas Canepa
Lordstown Motors Corp.
General Counsel
Chuan Vo
Lordstown Motors Corp.
Former Vice President of Propulsion
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Source: SEC filing on April 8, 2022.