World Fuel Services CEO Michael Kasbar's 2018 pay slips 11% to $4.9M
World Fuel Services reports 2018 executive compensation
By ExecPay News
Published: April 12, 2019
World Fuel Services reported fiscal year 2018 executive compensation information on April 12, 2019.
In 2018, five executives at World Fuel Services received on average a compensation package of $2.5M, a 13% decrease compared to previous year.
Average pay of disclosed executives at World Fuel Services
Michael J. Kasbar, Chief Executive Officer, received $4.9M in total, which decreased by 11% compared to 2017. 41% of Kasbar's compensation, or $2M, was in option awards. Kasbar also received $1.8M in non-equity incentive plan, $900K in salary, $134K in stock awards, as well as $46K in other compensation.
For fiscal year 2018, the median employee pay was $57,984 at World Fuel Services. Therefore, the ratio of Michael J. Kasbar's pay to the median employee pay was 84 to one.
John P. Rau, Executive Vice President, Global Aviation and Marine, received a compensation package of $2M, which increased by 8% compared to previous year. 51% of the compensation package, or $1M, was in non-equity incentive plan.
Jeffrey P. Smith, Chief Operating Officer, earned $1.9M in 2018, a 39% decrease compared to previous year.
Ira M. Birns, Chief Financial Officer, received $1.9M in 2018, which decreases by 5% compared to 2017.
Michael J. Crosby, Executive Vice President, Global Land, earned $1.8M in 2018, a 9% decrease compared to previous year.
Related executives
Michael Kasbar
World Fuel Services
Chief Executive Officer
Ira Birns
World Fuel Services
Chief Financial Officer
Jeffrey Smith
World Fuel Services
Chief Operating Officer
Michael Crosby
World Fuel Services
Former Executive Vice President, Global Land
John Rau
World Fuel Services
Executive Vice President, Global Aviation, Land and Marine
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Source: SEC filing on April 12, 2019.