Verizon Communications CEO Hans Vestberg's 2019 pay slips 19% to $18M
Verizon Communications reports 2019 executive compensation
By ExecPay News
Published: March 23, 2020
Verizon Communications reported fiscal year 2019 executive compensation information on March 23, 2020.
In 2019, five executives at Verizon Communications received on average a compensation package of $10M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Verizon Communications
Hans Vestberg, Chief Executive Officer, received $18M in total, which decreased by 19% compared to 2018. 66% of Vestberg's compensation, or $12M, was in stock awards. Vestberg also received $4.1M in non-equity incentive plan, $1.5M in salary, as well as $470K in other compensation.
For fiscal year 2019, the median employee pay was $172,971 at Verizon Communications. Therefore, the ratio of Hans Vestberg's pay to the median employee pay was 105 to one.
Ronan Dunne, Chief Executive Officer, received a compensation package of $9M, which increased by 33% compared to previous year. 67% of the compensation package, or $6M, was in stock awards.
Matthew D. Ellis, Chief Financial Officer, earned $8.4M in 2019, a 20% increase compared to previous year.
K. Guru Gowrappan, Chief Executive Officer, received $7.9M in 2019, which decreases by 38% compared to 2018.
Tami A. Erwin, Chief Executive Officer, earned $7.7M in 2019.
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Source: SEC filing on March 23, 2020.