SJW CEO Eric Thornburg's 2020 pay jumps 23% to $3.2M
SJW reports 2020 executive compensation
By ExecPay News
Published: March 8, 2022
SJW reported fiscal year 2020 executive compensation information on March 8, 2022.
In 2020, six SJW executives received on average a compensation package of $1.8M, a 37% decrease compared to previous year.
Average pay of disclosed executives at SJW
Eric W. Thornburg, Chief Executive Officer, received $3.2M in total, which increased by 23% compared to 2019. 36% of Thornburg's compensation, or $1.2M, was in stock awards. Thornburg also received $792K of change in pension value and nonqualified deferred compensation earnings, $473K in non-equity incentive plan, $780K in salary, as well as $17K in other compensation.
For fiscal year 2020, the median employee pay was $93,790 at SJW. Therefore, the ratio of Eric W. Thornburg's pay to the median employee pay was 34 to one.
Andrew R. Gere, Chief Operating Officer, received a compensation package of $2.2M, which decreased by 17% compared to previous year. 60% of the compensation package, or $1.3M, was of change in pension value and nonqualified deferred compensation earnings.
Suzy Papazian, General Counsel, earned $1.6M in 2020, a 5% decrease compared to previous year.
Maureen P. Westbrook, President of Connecticut Water Service, Inc, received $1.5M in 2020, which decreases by 28% compared to 2019.
James P. Lynch, Chief Financial Officer, earned $1.3M in 2020, a 4% increase compared to previous year.
Andrew F. Walters, Chief Corporate Development Officer and Integration Executive of SJW Group, received $967K in 2020.
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Source: SEC filing on March 8, 2022.