Meredith Chairman Stephen Lacy's 2019 pay falls 43% to $7.8M
Meredith reports 2019 executive compensation
By ExecPay News
Published: September 27, 2019
Meredith reported fiscal year 2019 executive compensation information on September 27, 2019.
In 2019, six Meredith executives received on average a compensation package of $4.9M, a 26% decrease compared to previous year.
Average pay of disclosed executives at Meredith
Stephen M. Lacy, Chairman, received $7.8M in total, which decreased by 43% compared to 2018. 51% of Lacy's compensation, or $4M, was of change in pension value and nonqualified deferred compensation earnings. Lacy also received $1.6M in non-equity incentive plan, $512K in option awards, $638K in salary, $888K in stock awards, as well as $183K in other compensation.
For fiscal year 2019, the median employee pay was $75,496 at Meredith. Therefore, the ratio of Stephen M. Lacy's pay to the median employee pay was 103 to one.
Thomas H. Harty, Chief Executive Officer, received a compensation package of $7.3M, which increased by 4% compared to previous year. 37% of the compensation package, or $2.7M, was of change in pension value and nonqualified deferred compensation earnings.
John S. Zieser, General Counsel, earned $4.7M in 2019, a 5% decrease compared to previous year.
Jonathan B. Werther, President - National Media Group, received $4.2M in 2019, which increases by 39% compared to 2018.
Joseph H. Ceryanec, Chief Financial Officer, earned $3.6M in 2019, a 19% decrease compared to previous year.
Patrick J. McCreery, President - Local Media Grp, received $2M in 2019.
Meredith's fiscal year ends on June 30.
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Source: SEC filing on September 27, 2019.