Virgin Galactic Holdings CEO Michael Colglazier's 2021 pay falls 66% to $7.4M
Virgin Galactic Holdings reports 2021 executive compensation
By ExecPay News
Published: April 27, 2022
Virgin Galactic Holdings reported fiscal year 2021 executive compensation information on April 27, 2022.
In 2021, six executives at Virgin Galactic Holdings received on average a compensation package of $3.6M, a 67% decrease compared to previous year.
Average pay of disclosed executives at Virgin Galactic Holdings
Michael Colglazier, Chief Executive Officer, received $7.4M in total, which decreased by 66% compared to 2020. 68% of Colglazier's compensation, or $5M, was in stock awards. Colglazier also received $500K in bonus, $880K in non-equity incentive plan, $1M in salary, as well as $26K in other compensation.
For fiscal year 2021, the median employee pay was $107,145 at Virgin Galactic Holdings. Therefore, the ratio of Michael Colglazier's pay to the median employee pay was 69 to one.
Swami Iyer, President, Aerospace Systems, received a compensation package of $4.5M. 73% of the compensation package, or $3.3M, was in stock awards.
Doug Ahrens, Chief Financial Officer, earned $4.4M in 2021.
Mike Moses, President, Space Missions and Safety, received $3.3M in 2021, which decreases by 65% compared to 2020.
Michelle Kley, General Counsel, earned $1.6M in 2021, a 222% increase compared to previous year.
Jonathan Campagna, Chief Financial Officer, received $397K in 2021, which decreases by 97% compared to 2020.
Related executives
Michael Colglazier
Virgin Galactic Holdings
Chief Executive Officer
Doug Ahrens
Virgin Galactic Holdings
Chief Financial Officer
Michelle Kley
Virgin Galactic Holdings
General Counsel
Mike Moses
Virgin Galactic Holdings
President, Space Missions and Safety
Swami Iyer
Virgin Galactic Holdings
President, Aerospace Systems
Jonathan Campagna
Virgin Galactic Holdings
Chief Financial Officer
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Source: SEC filing on April 27, 2022.