Southern Company CEO Thomas Fanning's 2018 pay slips 17% to $13M
Southern Company reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Southern Company reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, six executives at Southern Company received on average a compensation package of $6.9M, a 11% decrease compared to previous year.
Average pay of disclosed executives at Southern Company
Thomas A. Fanning, Chief Executive Officer, received $13M in total, which decreased by 17% compared to 2017. 70% of Fanning's compensation, or $9.1M, was in stock awards. Fanning also received $881K of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $1.4M in salary, as well as $232K in other compensation.
For fiscal year 2018, the median employee pay was $113,035 at Southern Company. Therefore, the ratio of Thomas A. Fanning's pay to the median employee pay was 116 to one.
Art P. Beattie, Chief Financial Officer, received a compensation package of $7.2M, which increased by 17% compared to previous year. 45% of the compensation package, or $3.3M, was of change in pension value and nonqualified deferred compensation earnings.
Stephen E. Kuczynski, Chief Executive Officer, earned $6.5M in 2018.
W. Paul Bowers, Chief Executive Officer, received $5.4M in 2018, which decreases by 18% compared to 2017.
Mark A. Crosswhite, Chief Executive Officer, earned $5M in 2018, a 6% decrease compared to previous year.
Andrew W. Evans, Chief Financial Officer, received $4.4M in 2018, which decreases by 13% compared to 2017.
Related executives
Thomas Fanning
Southern Company
Chief Executive Officer
Andrew Evans
Southern Company
Chief Financial Officer
Art Beattie
Southern Company
Chief Financial Officer
W Bowers
Southern Company
Chief Executive Officer
Mark Crosswhite
Southern Company
Chief Executive Officer
Stephen Kuczynski
Southern Company
Chief Executive Officer
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Source: SEC filing on April 5, 2019.