Calix Executive Vice President, Field Operations Michael Weening's 2018 pay falls 21% to $1.2M
Calix reports 2018 executive compensation
By ExecPay News
Published: April 2, 2019
Calix reported fiscal year 2018 executive compensation information on April 2, 2019.
In 2018, four Calix executives received on average a compensation package of $841K, a 36% decrease compared to previous year.
Average pay of disclosed executives at Calix
Michael Weening, Executive Vice President, Field Operations, received $1.2M in total, which decreased by 21% compared to 2017. 60% of Weening's compensation, or $725K, was in option awards. Weening also received $142K in non-equity incentive plan, $336K in salary, as well as $7.7K in other compensation.
For fiscal year 2018, the median employee pay was $133,788 at Calix. Therefore, the ratio of Michael Weening's pay to the median employee pay was 9 to one.
Gregory Billings, Senior Vice President, Services, received a compensation package of $838K, which decreased by 25% compared to previous year. 53% of the compensation package, or $448K, was in option awards.
Cory Sindelar, Chief Financial Officer, earned $813K in 2018, a 32% decrease compared to previous year.
Carl Russo, Chief Executive Officer, received $500K in 2018, which decreases by 74% compared to 2017.
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Source: SEC filing on April 2, 2019.