Penumbra Chief Commercial Officer and former President, North America Daniel Davis' 2018 pay slips 18% to $2.5M
Penumbra reports 2018 executive compensation
By ExecPay News
Published: April 26, 2019
Penumbra reported fiscal year 2018 executive compensation information on April 26, 2019.
In 2018, five Penumbra executives received on average a compensation package of $969K, a 8% decrease compared to previous year.
Average pay of disclosed executives at Penumbra
Daniel Davis, Chief Commercial Officer and former President, North America, received $2.5M in total, which decreased by 18% compared to 2017. 40% of Davis' compensation, or $1M, was in stock awards. Davis also received $1M in non-equity incentive plan, $500K in salary, as well as $3.6K in other compensation.
For fiscal year 2018, the median employee pay was $51,611 at Penumbra. Therefore, the ratio of Daniel Davis' pay to the median employee pay was 49 to one.
Adam Elsesser, Chief Executive Officer, received a compensation package of $727K, which is about the same as previous year. 100% of the compensation package, or $725K, was in salary.
Sri Kosaraju, Chief Financial Officer, earned $556K in 2018, a 11% increase compared to previous year.
Lynn Rothman, Executive Vice President, Chief Business Officer, received $553K in 2018, which increases by 10% compared to 2017.
Arani Bose, Chief Innovator, earned $502K in 2018, which is about the same as previous year.
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Source: SEC filing on April 26, 2019.