Norfolk Southern CEO James Squires' 2018 pay rises 20% to $14M
Norfolk Southern reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Norfolk Southern reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, five executives at Norfolk Southern received on average a compensation package of $6M, a 39% increase compared to previous year.
Average pay of disclosed executives at Norfolk Southern
James A. Squires, Chief Executive Officer, received $14M in total, which increased by 20% compared to 2017. 43% of Squires' compensation, or $6.2M, was in stock awards. Squires also received $3M of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $1.1M in option awards, $1.1M in salary, as well as $130K in other compensation.
For fiscal year 2018, the median employee pay was $98,477 at Norfolk Southern. Therefore, the ratio of James A. Squires' pay to the median employee pay was 145 to one.
Michael J. Wheeler, Chief Operating Officer, received a compensation package of $4.9M, which increased by 18% compared to previous year. 34% of the compensation package, or $1.7M, was in stock awards.
Cynthia C. Earhart, Chief Financial Officer, earned $4.5M in 2018, a 20% increase compared to previous year.
Alan H. Shaw, Chief Marketing Officer, received $3.9M in 2018, which increases by 7% compared to 2017.
John M. Scheib, Chief Legal Officer, earned $2.7M in 2018.
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Source: SEC filing on March 29, 2019.