QuantumScape Corp CEO Jagdeep Singh's 2021 pay jumps 305% to $69M
QuantumScape Corp reports 2021 executive compensation
By ExecPay News
Published: August 4, 2022
QuantumScape Corp reported fiscal year 2021 executive compensation information on August 4, 2022.
In 2021, five executives at QuantumScape Corp received on average a compensation package of $19M, a 249% increase compared to previous year.
Average pay of disclosed executives at QuantumScape Corp
Jagdeep Singh, Chief Executive Officer, received $69M in total, which increased by 305% compared to 2020. 99% of Singh's compensation, or $68M, was in option awards. Singh also received $108K in non-equity incentive plan, $373K in salary, as well as $252K in other compensation.
For fiscal year 2021, the median employee pay was $145,391 at QuantumScape Corp. Therefore, the ratio of Jagdeep Singh's pay to the median employee pay was 475 to one.
Celina Mikolajczak, Chief Manufacturing Officer, received a compensation package of $9.2M. 75% of the compensation package, or $6.8M, was in option awards.
Tim Holme, Chief Technology Officer, earned $7.6M in 2021, a 276% increase compared to previous year.
Mohit Singh, Chief Development Officer, received $7.3M in 2021, which increases by 248% compared to 2020.
Kevin Hettrich, Chief Financial Officer, earned $3.9M in 2021, a 5% increase compared to previous year.
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Source: SEC filing on August 4, 2022.