RingCentral CFO Mitesh Dhruv's 2019 pay jumps 491% to $23M
RingCentral reports 2019 executive compensation
By ExecPay News
Published: April 27, 2020
RingCentral reported fiscal year 2019 executive compensation information on April 27, 2020.
In 2019, five executives at RingCentral received on average a compensation package of $8.6M, a 114% increase compared to previous year.
Average pay of disclosed executives at RingCentral
Mitesh Dhruv, Chief Financial Officer, received $23M in total, which increased by 491% compared to 2018. 95% of Dhruv's compensation, or $22M, was in stock awards. Dhruv also received $766K in non-equity incentive plan, $475K in salary, as well as $852 in other compensation.
For fiscal year 2019, the median employee pay was $127,834 at RingCentral. Therefore, the ratio of Mitesh Dhruv's pay to the median employee pay was 182 to one.
Vladimir Shmunis, Chief Executive Officer, received a compensation package of $9.8M, which increased by 25% compared to previous year. 88% of the compensation package, or $8.7M, was in stock awards.
David Sipes, Chief Operating Officer, earned $4.6M in 2019, a 17% increase compared to previous year.
John Marlow, Chief Administrative Officer, received $2.8M in 2019, which increases by 22% compared to 2018.
Praful Shah, Chief Strategy Officer, earned $2.5M in 2019, a 21% increase compared to previous year.
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Source: SEC filing on April 27, 2020.