Ciena CEO Gary Smith's 2019 pay jumps 21% to $11M
Ciena reports 2019 executive compensation
By ExecPay News
Published: February 19, 2020
Ciena reported fiscal year 2019 executive compensation information on February 19, 2020.
In 2019, six Ciena executives received on average a compensation package of $4.3M, a 15% increase compared to previous year.
Average pay of disclosed executives at Ciena
Gary B. Smith, Chief Executive Officer, received $11M in total, which increased by 21% compared to 2018. 73% of Smith's compensation, or $8M, was in stock awards. Smith also received $2M in non-equity incentive plan, $1M in salary, as well as $16K in other compensation.
For fiscal year 2019, the median employee pay was $113,412 at Ciena. Therefore, the ratio of Gary B. Smith's pay to the median employee pay was 97 to one.
James E. Moylan, Jr, Chief Financial Officer, received a compensation package of $3.3M, which increased by 24% compared to previous year. 58% of the compensation package, or $1.9M, was in stock awards.
James A. Frodsham, Former SVP and Chief Strategy Officer, earned $3M in 2019.
Jason M. Phipps, SVP, Global Sales and Marketing, received $2.8M in 2019.
Scott A. McFeely, SVP, Global Products and Services, earned $2.7M in 2019, a 29% increase compared to previous year.
David M. Rothenstein, General Counsel, received $2.7M in 2019, which increases by 27% compared to 2018.
Ciena's fiscal year ends on October 29.
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Source: SEC filing on February 19, 2020.