Ocean Power Technologies CEO George Kirby's 2019 pay slips 8% to $720K
Ocean Power Technologies reports 2019 executive compensation
By ExecPay News
Published: November 5, 2019
Ocean Power Technologies reported fiscal year 2019 executive compensation information on November 5, 2019.
In 2019, three executives at Ocean Power Technologies received on average a compensation package of $431K, a 13% increase compared to previous year.
Average pay of disclosed executives at Ocean Power Technologies
George H. Kirby III, Chief Executive Officer, received $720K in total, which decreased by 8% compared to 2018. 54% of Kirby's compensation, or $391K, was in salary. Kirby also received $173K in bonus, $71K in option awards, as well as $84K in other compensation.
Matthew T. Shafer, Chief Financial Officer, received a compensation package of $377K, which is about the same as previous year. 67% of the compensation package, or $253K, was in salary.
Christopher A. Phebus, Vice President, Engineering, earned $196K in 2019, a 19% decrease compared to previous year.
Ocean Power Technologies' fiscal year ends on April 30.
Related executives
You may also like
Source: SEC filing on November 5, 2019.