Ocean Power Technologies CEO George Kirby's 2018 pay rises 5% to $780K
Ocean Power Technologies reports 2018 executive compensation
By ExecPay News
Published: October 12, 2018
Ocean Power Technologies reported fiscal year 2018 executive compensation information on October 12, 2018.
In 2018, four executives at Ocean Power Technologies received on average a compensation package of $381K, a 19% decrease compared to previous year.
Average pay of disclosed executives at Ocean Power Technologies
George H. Kirby III, Chief Executive Officer, received $780K in total, which increased by 5% compared to 2017. 49% of Kirby's compensation, or $382K, was in salary. Kirby also received $277K in bonus, $70K in stock awards, as well as $52K in other compensation.
Matthew T. Shafer, Chief Financial Officer, received a compensation package of $375K, which increased by 52% compared to previous year. 63% of the compensation package, or $236K, was in salary.
Christopher A. Phebus, Vice President, Engineering, earned $243K in 2018.
Mike M. Mekhiche, Former Executive Vice President, Engineering and Operations, received $126K in 2018, which decreases by 76% compared to 2017.
Ocean Power Technologies' fiscal year ends on April 30.
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Source: SEC filing on October 12, 2018.