Ciena reports 2018 executive compensation
CEO Gary B. Smith receives $9.1M
Ciena reported fiscal year 2018 executive compensation information on February 12, 2019.
In 2018, five Ciena executives received on average a compensation package of $3,696,421, a 32% increase compared to previous year.Average pay of disclosed executives at Ciena
Gary B. Smith, Chief Executive Officer, received $9,129,584 in total, which increased by 20% compared to 2017. 74.46% of Smith's compensation, or $6,797,777, was in stock awards. Smith also received $1,406,250 in non-equity incentive plan, $917,307 in salary, as well as $8,250 in other compensation.
For fiscal year 2018, the median employee pay was $102,540 at Ciena. Therefore, the ratio of Gary B. Smith's pay to the median employee pay was 89 to one.
James E. Moylan, Jr, Chief Financial Officer, received a compensation package of $2,670,785, which increased by 8% compared to previous year. 58.61% of the compensation package, or $1,565,279, was in stock awards.
Rick L. Hamilton, SVP, Blue Planet Software, earned $2,424,080 in 2018, a 3% decrease compared to previous year.
David M. Rothenstein, General Counsel, received $2,141,029 in 2018, which increases by 15% compared to 2017.
Scott A. McFeely, SVP, Global Products and Services, earned $2,116,627 in 2018, a 73% increase compared to previous year.
Ciena's fiscal year ends on October 31.