SJW CEO Eric Thornburg's 2018 pay jumps 174% to $2.8M
SJW reports 2018 executive compensation
By ExecPay News
Published: March 18, 2019
SJW reported fiscal year 2018 executive compensation information on March 18, 2019.
In 2018, five SJW executives received on average a compensation package of $1.3M, a 1% decrease compared to previous year.
Average pay of disclosed executives at SJW
Eric W. Thornburg, Chief Executive Officer, received $2.8M in total, which increased by 174% compared to 2017. 27% of Thornburg's compensation, or $760K, was in stock awards. Thornburg also received $310K in bonus, $432K of change in pension value and nonqualified deferred compensation earnings, $507K in non-equity incentive plan, $700K in salary, as well as $83K in other compensation.
Andrew R. Gere, Chief Operating Officer, received a compensation package of $1.3M, which decreased by 21% compared to previous year. 35% of the compensation package, or $464K, was of change in pension value and nonqualified deferred compensation earnings.
James P. Lynch, Chief Financial Officer, earned $903K in 2018, a 6% increase compared to previous year.
Suzy Papazian, General Counsel, received $869K in 2018, which decreases by 16% compared to 2017.
Palle L. Jensen, Executive Vice President of San Jose Water Company, earned $762K in 2018, a 50% decrease compared to previous year.
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Source: SEC filing on March 18, 2019.