Lourenco Goncalves
2017
In 2017, Lourenco Goncalves earned a total compensation of $23.6M as Chairman, President and CEO at Cliffs Natural Resources, a 147% increase compared to previous year.
Compensation breakdown
| Bonus | $4,650,000 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $650,202 |
| Non-Equity Incentive Plan | $4,565,940 |
| Salary | $1,300,000 |
| Stock Awards | $11,858,417 |
| Other | $536,946 |
| Total | $23,561,505 |
Goncalves received $11.9M in stock awards, accounting for 50% of the total pay in 2017.
Goncalves also received $4.7M in bonus, $650.2K of change in pension value and nonqualified deferred compensation earnings, $4.6M in non-equity incentive plan, $1.3M in salary and $536.9K in other compensation.
Rankings
In 2017, Lourenco Goncalves' compensation ranked 103rd out of 14,666 executives tracked by ExecPay. In other words, Goncalves earned more than 99.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 103 out of 14,666 | 99th |
Division Mining | 4 out of 641 | 99th |
Major group Metal Mining | 1 out of 75 | 99th |
Source: SEC filing on March 12, 2018.
Goncalves' colleagues
We found four more compensation records of executives who worked with Lourenco Goncalves at Cliffs Natural Resources in 2017.