Carnival CEO Arnold Donald's 2022 pay falls 26% to $11M
Carnival reports 2022 executive compensation
By ExecPay News
Published: February 28, 2023
Carnival reported fiscal year 2022 executive compensation information on February 28, 2023.
In 2022, six Carnival executives received on average a compensation package of $4.4M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Carnival
Arnold W. Donald, Chief Executive Officer, received $11M in total, which decreased by 26% compared to 2021. 54% of Donald's compensation, or $6M, was in stock awards. Donald also received $3.3M in non-equity incentive plan, $1.5M in salary, as well as $344K in other compensation.
For fiscal year 2022, the median employee pay was $14,496 at Carnival. Therefore, the ratio of Arnold W. Donald's pay to the median employee pay was 769 to one.
Josh Weinstein, Chief Executive Officer, received a compensation package of $8M. 59% of the compensation package, or $4.7M, was in stock awards.
David Bernstein, Chief Financial Officer, earned $2.6M in 2022, a 48% decrease compared to previous year.
Michael Thamm, Chief Executive Officer, received $2.3M in 2022, which decreases by 66% compared to 2021.
William Burke, Chief Maritime Officer, earned $1.3M in 2022.
Enrique Miguez, General Counsel, received $1.1M in 2022, which decreases by 19% compared to 2021.
Carnival's fiscal year ends on November 30.
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Source: SEC filing on February 28, 2023.