Verizon Communications CEO Hans Vestberg's 2021 pay rises 7% to $20M
Verizon Communications reports 2021 executive compensation
By ExecPay News
Published: March 28, 2022
Verizon Communications reported fiscal year 2021 executive compensation information on March 28, 2022.
In 2021, six executives at Verizon Communications received on average a compensation package of $11M, a 4% increase compared to previous year.
Average pay of disclosed executives at Verizon Communications
Hans Vestberg, Chief Executive Officer, received $20M in total, which increased by 7% compared to 2020. 71% of Vestberg's compensation, or $15M, was in stock awards. Vestberg also received $3.8M in non-equity incentive plan, $1.5M in salary, as well as $518K in other compensation.
For fiscal year 2021, the median employee pay was $122,492 at Verizon Communications. Therefore, the ratio of Hans Vestberg's pay to the median employee pay was 166 to one.
Ronan Dunne, Chief Executive Officer, received a compensation package of $11M, which increased by 17% compared to previous year. 74% of the compensation package, or $8M, was in stock awards.
K. Guru Gowrappan, Chief Executive Officer, earned $10M in 2021, a 27% increase compared to previous year.
Matthew D. Ellis, Chief Financial Officer, received $9.1M in 2021, which increases by 3% compared to 2020.
Tami A. Erwin, Chief Executive Officer, earned $8.9M in 2021, a 7% increase compared to previous year.
Kyle Malady, Chief Technology Officer, received $7.7M in 2021.
Related executives
Hans Vestberg
Verizon Communications
Chief Executive Officer
Matthew Ellis
Verizon Communications
Chief Financial Officer
Ronan Dunne
Verizon Communications
Chief Executive Officer
Tami Erwin
Verizon Communications
Chief Executive Officer
Kyle Malady
Verizon Communications
Chief Technology Officer
K Gowrappan
Verizon Communications
Chief Executive Officer
You may also like
Source: SEC filing on March 28, 2022.