Veritiv CEO Mary Laschinger's 2019 pay rises 3% to $7M
Veritiv reports 2019 executive compensation
By ExecPay News
Published: March 12, 2020
Veritiv reported fiscal year 2019 executive compensation information on March 12, 2020.
In 2019, five Veritiv executives received on average a compensation package of $3.2M, a 3% decrease compared to previous year.
Average pay of disclosed executives at Veritiv
Mary A. Laschinger, Chief Executive Officer, received $7M in total, which increased by 3% compared to 2018. 71% of Laschinger's compensation, or $5M, was in stock awards. Laschinger also received $1M in non-equity incentive plan, $1M in salary, as well as $12K in other compensation.
For fiscal year 2019, the median employee pay was $58,644 at Veritiv. Therefore, the ratio of Mary A. Laschinger's pay to the median employee pay was 120 to one.
Thomas S. Lazzaro, Former Senior Vice President, Sales, received a compensation package of $3M, which decreased by 11% compared to previous year. 46% of the compensation package, or $1.4M, was in other compensation.
Stephen J. Smith, Chief Financial Officer, earned $2.2M in 2019, a 7% increase compared to previous year.
Salvatore A. Abbate, Senior Vice President, Chief Commercial Officer, received $2.1M in 2019, which increases by 5% compared to 2018.
Daniel J. Watkoske, Senior Vice President, Print, earned $1.7M in 2019, a 26% decrease compared to previous year.
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Source: SEC filing on March 12, 2020.