Broadridge Financial Solutions CEO Timothy Gokey's 2020 pay jumps 26% to $9.1M

Broadridge Financial Solutions reports 2020 executive compensation

By ExecPay News

Published: October 6, 2020

Broadridge Financial Solutions reported fiscal year 2020 executive compensation information on October 6, 2020.

In 2020, five executives at Broadridge Financial Solutions received on average a compensation package of $5.2M, a 1% increase compared to previous year.

Average pay of disclosed executives at Broadridge Financial Solutions

Timothy C. Gokey, Chief Executive Officer, received $9.1M in total, which increased by 26% compared to 2019. 31% of Gokey's compensation, or $2.9M, was in stock awards. Gokey also received $1.2M of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $2.7M in option awards, $896K in salary, as well as $42K in other compensation.

For fiscal year 2020, the median employee pay was $71,994 at Broadridge Financial Solutions. Therefore, the ratio of Timothy C. Gokey's pay to the median employee pay was 127 to one.

Richard J. Daly, Chairman, received a compensation package of $6.5M, which decreased by 37% compared to previous year. 33% of the compensation package, or $2.1M, was of change in pension value and nonqualified deferred compensation earnings.

Robert Schifellite, SVP, ICS, earned $4.1M in 2020, a 3% increase compared to previous year.

James M. Young, Chief Financial Officer, received $3.2M in 2020, which increases by 2% compared to 2019.

Christopher J. Perry, President, earned $3.1M in 2020, a 15% decrease compared to previous year.

Broadridge Financial Solutions' fiscal year ends on June 30.