ADTRAN CEO Thomas Stanton's 2021 pay jumps 56% to $4.5M
ADTRAN reports 2021 executive compensation
By ExecPay News
Published: March 29, 2022
ADTRAN reported fiscal year 2021 executive compensation information on March 29, 2022.
In 2021, five ADTRAN executives received on average a compensation package of $1.8M, a 41% increase compared to previous year.
Average pay of disclosed executives at ADTRAN
Thomas R. Stanton, Chief Executive Officer, received $4.5M in total, which increased by 56% compared to 2020. 55% of Stanton's compensation, or $2.5M, was in stock awards. Stanton also received $250K in bonus, $1M in non-equity incentive plan, $710K in salary, as well as $14K in other compensation.
For fiscal year 2021, the median employee pay was $93,407 at ADTRAN. Therefore, the ratio of Thomas R. Stanton's pay to the median employee pay was 48 to one.
Michael Foliano, Chief Financial Officer, received a compensation package of $1.4M, which increased by 39% compared to previous year. 48% of the compensation package, or $674K, was in stock awards.
James D. Wilson, Jr, Chief Revenue Officer, earned $1.2M in 2021, a 26% increase compared to previous year.
Ronald D. Centis, Senior Vice President of Operations, received $1.1M in 2021, which increases by 18% compared to 2020.
Raymond Harris, Chief Information Officer, earned $959K in 2021.
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Source: SEC filing on March 29, 2022.