Voya Financial CEO Rodney Martin's 2019 pay rises 11% to $13M
Voya Financial reports 2019 executive compensation
By ExecPay News
Published: April 7, 2020
Voya Financial reported fiscal year 2019 executive compensation information on April 7, 2020.
In 2019, five executives at Voya Financial received on average a compensation package of $6.6M, a 2% increase compared to previous year.
Average pay of disclosed executives at Voya Financial
Rodney O. Martin, Jr, Chief Executive Officer, received $13M in total, which increased by 11% compared to 2018. 65% of Martin's compensation, or $8.1M, was in stock awards. Martin also received $42K of change in pension value and nonqualified deferred compensation earnings, $3.1M in non-equity incentive plan, $1M in salary, as well as $231K in other compensation.
For fiscal year 2019, the median employee pay was $127,400 at Voya Financial. Therefore, the ratio of Rodney O. Martin, Jr's pay to the median employee pay was 99 to one.
Christine Hurtsellers, Chief Executive Officer, received a compensation package of $6.4M, which increased by 14% compared to previous year. 36% of the compensation package, or $2.3M, was in stock awards.
Michael S. Smith, Chief Financial Officer, earned $5.2M in 2019, a 19% increase compared to previous year.
Charles P. Nelson, Chief Executive Officer, received $5M in 2019, which increases by 6% compared to 2018.
Margaret M. Parent, EVP & CAO, earned $4.1M in 2019.
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Source: SEC filing on April 7, 2020.