SJW CEO Eric Thornburg's 2021 pay rises 2% to $3.3M
SJW reports 2021 executive compensation
By ExecPay News
Published: March 8, 2022
SJW reported fiscal year 2021 executive compensation information on March 8, 2022.
In 2021, five SJW executives received on average a compensation package of $1.5M, a 19% decrease compared to previous year.
Average pay of disclosed executives at SJW
Eric W. Thornburg, Chief Executive Officer, received $3.3M in total, which increased by 2% compared to 2020. 39% of Thornburg's compensation, or $1.3M, was in stock awards. Thornburg also received $635K of change in pension value and nonqualified deferred compensation earnings, $554K in non-equity incentive plan, $803K in salary, as well as $14K in other compensation.
For fiscal year 2021, the median employee pay was $100,044 at SJW. Therefore, the ratio of Eric W. Thornburg's pay to the median employee pay was 33 to one.
James P. Lynch, Chief Accounting Officer, received a compensation package of $1.2M, which decreased by 7% compared to previous year. 42% of the compensation package, or $497K, was in salary.
Maureen P. Westbrook, President of Connecticut Water Service, Inc, earned $986K in 2021, a 36% decrease compared to previous year.
Andrew R. Gere, Chief Operating Officer, received $961K in 2021, which decreases by 56% compared to 2020.
Andrew F. Walters, Chief Financial Officer, earned $842K in 2021, a 13% decrease compared to previous year.
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Source: SEC filing on March 8, 2022.