Spirit Airlines CEO Edward Christie's 2020 pay falls 24% to $2.6M
Spirit Airlines reports 2020 executive compensation
By ExecPay News
Published: March 31, 2021
Spirit Airlines reported fiscal year 2020 executive compensation information on March 31, 2021.
In 2020, five executives at Spirit Airlines received on average a compensation package of $1.4M, a 28% decrease compared to previous year.
Average pay of disclosed executives at Spirit Airlines
Edward M. Christie III, Chief Executive Officer, received $2.6M in total, which decreased by 24% compared to 2019. 74% of Christie's compensation, or $1.9M, was in stock awards. Christie also received $639K in salary and $32K in other compensation.
For fiscal year 2020, the median employee pay was $52,127 at Spirit Airlines. Therefore, the ratio of Edward M. Christie III's pay to the median employee pay was 50 to one.
John Bendoraitis, Chief Operating Officer, received a compensation package of $1.2M, which decreased by 43% compared to previous year. 62% of the compensation package, or $727K, was in stock awards.
Matthew H. Klein, Executive Vice President, Chief Commercial Officer, earned $1.1M in 2020, a 32% decrease compared to previous year.
Thomas C. Canfield, General Counsel, received $976K in 2020, which decreases by 16% compared to 2019.
Scott M. Haralson, Chief Financial Officer, earned $962K in 2020, a 23% decrease compared to previous year.
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Source: SEC filing on March 31, 2021.