Plug Power CEO Andrew Marsh's 2018 pay slips 15% to $2.7M
Plug Power reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Plug Power reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, five Plug Power executives received on average a compensation package of $1.5M, a 4% decrease compared to previous year.
Average pay of disclosed executives at Plug Power
Andrew J. Marsh, Chief Executive Officer, received $2.7M in total, which decreased by 15% compared to 2017. 37% of Marsh's compensation, or $980K, was in stock awards. Marsh also received $300K in non-equity incentive plan, $775K in option awards, $600K in salary, as well as $14K in other compensation.
For fiscal year 2018, the median employee pay was $61,297 at Plug Power. Therefore, the ratio of Andrew J. Marsh's pay to the median employee pay was 44 to one.
Keith Schmid, Chief Operating Officer, received a compensation package of $1.5M, which decreased by 8% compared to previous year. 33% of the compensation package, or $490K, was in stock awards.
Paul B. Middleton, Chief Financial Officer, earned $1.3M in 2018, a 9% decrease compared to previous year.
Jose Luis Crespo, Vice President, Global Sales, received $1.2M in 2018, which increases by 15% compared to 2017.
Gerard L. Conway, Jr, General Counsel, earned $1.1M in 2018, a 28% increase compared to previous year.
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Source: SEC filing on April 5, 2019.