Veritiv CEO Mary Laschinger's 2020 pay slips 11% to $6.3M
Veritiv reports 2020 executive compensation
By ExecPay News
Published: March 17, 2021
Veritiv reported fiscal year 2020 executive compensation information on March 17, 2021.
In 2020, seven Veritiv executives received on average a compensation package of $2.7M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Veritiv
Mary A. Laschinger, Chief Executive Officer, received $6.3M in total, which decreased by 11% compared to 2019. 74% of Laschinger's compensation, or $4.6M, was in stock awards. Laschinger also received $998K in non-equity incentive plan, $641K in salary, as well as $12K in other compensation.
For fiscal year 2020, the median employee pay was $60,782 at Veritiv. Therefore, the ratio of Mary A. Laschinger's pay to the median employee pay was 103 to one.
Salvatore A. Abbate, Chief Executive Officer, received a compensation package of $3.5M, which increased by 64% compared to previous year. 46% of the compensation package, or $1.6M, was in stock awards.
Stephen J. Smith, Chief Financial Officer, earned $2.6M in 2020, a 18% increase compared to previous year.
Daniel J. Watkoske, Senior Vice President, Print and Publishing, received $2M in 2020, which increases by 18% compared to 2019.
Tracy L. Pearson, Senior Vice President, Supply Chain Operations, earned $2M in 2020.
Mark W. Hianik, General Counsel, received $1.8M in 2020.
Guilherme Nebel de Mello, Former Interim Principal Financial Officer, earned $655K in 2020.
Related executives
Salvatore Abbate
Veritiv
Chief Executive Officer
Mary Laschinger
Veritiv
Chief Executive Officer
Stephen Smith
Veritiv
Chief Financial Officer
Guilherme de Mello
Veritiv
Former Interim Principal Financial Officer
Daniel Watkoske
Veritiv
Senior Vice President, Print and Publishing
Tracy Pearson
Veritiv
Former Senior Vice President, Supply Chain Operations
Mark Hianik
Veritiv
General Counsel
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Source: SEC filing on March 17, 2021.