22nd Century Group COO Michael Zercher's 2021 pay jumps 120% to $2.7M
22nd Century Group reports 2021 executive compensation
By ExecPay News
Published: April 25, 2022
22nd Century Group reported fiscal year 2021 executive compensation information on April 25, 2022.
In 2021, four executives at 22nd Century Group received on average a compensation package of $1.6M, a 79% increase compared to previous year.
Average pay of disclosed executives at 22nd Century Group
Michael J. Zercher, Chief Operating Officer, received $2.7M in total, which increased by 120% compared to 2020. 54% of Zercher's compensation, or $1.4M, was in stock awards. Zercher also received $638K in bonus, $193K in option awards, $368K in salary, as well as $34K in other compensation.
For fiscal year 2021, the median employee pay was $55,189 at 22nd Century Group. Therefore, the ratio of Michael J. Zercher's pay to the median employee pay was 48 to one.
James A. Mish, Chief Executive Officer, received a compensation package of $2.5M, which increased by 143% compared to previous year. 57% of the compensation package, or $1.4M, was in stock awards.
John Franzino, Chief Administrative Officer, earned $1.1M in 2021, a 155% increase compared to previous year.
Richard Fitzgerald, Chief Financial Officer, received $120K in 2021.
Related executives
You may also like
Source: SEC filing on April 25, 2022.