Varian CEO Dow Wilson's 2019 pay slips 8% to $9.4M
Varian reports 2019 executive compensation
By ExecPay News
Published: December 20, 2019
Varian reported fiscal year 2019 executive compensation information on December 20, 2019.
In 2019, five Varian executives received on average a compensation package of $4M, a 18% decrease compared to previous year.
Average pay of disclosed executives at Varian
Dow R. Wilson, Chief Executive Officer, received $9.4M in total, which decreased by 8% compared to 2018. 44% of Wilson's compensation, or $4.2M, was in option awards. Wilson also received $1.4M in non-equity incentive plan, $1M in salary, $2.8M in stock awards, as well as $43K in other compensation.
For fiscal year 2019, the median employee pay was $109,548 at Varian. Therefore, the ratio of Dow R. Wilson's pay to the median employee pay was 86 to one.
Kolleen T. Kennedy, President, Proton Solution and Chief Growth Officer, received a compensation package of $3.5M, which decreased by 10% compared to previous year. 47% of the compensation package, or $1.7M, was in stock awards.
Gary E. Bischoping, Chief Financial Officer, earned $2.6M in 2019, a 10% decrease compared to previous year.
John W. Kuo, General Counsel, received $2.3M in 2019, which decreases by 10% compared to 2018.
Christopher A. Toth, President, Varian Oncology Systems, earned $2.2M in 2019.
Varian's fiscal year ends on September 27.
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Source: SEC filing on December 20, 2019.