CBIZ CEO Jerome Grisko's 2019 pay slips 6% to $3.8M
CBIZ reports 2019 executive compensation
By ExecPay News
Published: April 3, 2020
CBIZ reported fiscal year 2019 executive compensation information on April 3, 2020.
In 2019, four CBIZ executives received on average a compensation package of $2.2M, a 10% decrease compared to previous year.
Average pay of disclosed executives at CBIZ
Jerome P. Grisko, Jr, Chief Executive Officer, received $3.8M in total, which decreased by 6% compared to 2018. 25% of Grisko's compensation, or $965K, was in option awards. Grisko also received $830K in non-equity incentive plan, $866K in salary, $965K in stock awards, as well as $222K in other compensation.
For fiscal year 2019, the median employee pay was $70,065 at CBIZ. Therefore, the ratio of Jerome P. Grisko, Jr's pay to the median employee pay was 55 to one.
Chris Spurio, President, Financial Services, received a compensation package of $1.7M, which decreased by 14% compared to previous year. 30% of the compensation package, or $510K, was in salary.
Ware Grove, Chief Financial Officer, earned $1.7M in 2019, a 14% decrease compared to previous year.
Michael Kouzelos, President, Benefits & Insurance Services, received $1.5M in 2019, which decreases by 13% compared to 2018.
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Source: SEC filing on April 3, 2020.