Vector Group CEO Howard Lorber's 2019 pay jumps 38% to $12M
Vector Group reports 2019 executive compensation
By ExecPay News
Published: April 24, 2020
Vector Group reported fiscal year 2019 executive compensation information on April 24, 2020.
In 2019, five executives at Vector Group received on average a compensation package of $3.8M, a 29% increase compared to previous year.
Average pay of disclosed executives at Vector Group
Howard M. Lorber, Chief Executive Officer, received $12M in total, which increased by 38% compared to 2018. 33% of Lorber's compensation, or $3.8M, was in non-equity incentive plan. Lorber also received $3.6M of change in pension value and nonqualified deferred compensation earnings, $590K in option awards, $3.3M in salary, as well as $389K in other compensation.
For fiscal year 2019, the median employee pay was $73,085 at Vector Group. Therefore, the ratio of Howard M. Lorber's pay to the median employee pay was 160 to one.
Ronald J. Bernstein, Chief Executive Officer, received a compensation package of $2.6M, which increased by 21% compared to previous year. 38% of the compensation package, or $1M, was in non-equity incentive plan.
Richard J. Lampen, Executive Vice President, earned $2M in 2019, a 20% increase compared to previous year.
Marc N. Bell, General Counsel, received $1.5M in 2019, which increases by 5% compared to 2018.
J. Bryant Kirkland III, Chief Financial Officer, earned $1.3M in 2019, a 25% increase compared to previous year.
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Source: SEC filing on April 24, 2020.