Ciena CEO Gary Smith's 2020 pay rises 2% to $11M
Ciena reports 2020 executive compensation
By ExecPay News
Published: February 18, 2021
Ciena reported fiscal year 2020 executive compensation information on February 18, 2021.
In 2020, five Ciena executives received on average a compensation package of $4.6M, a 7% increase compared to previous year.
Gary B. Smith, Chief Executive Officer, received $11M in total, which increased by 2% compared to 2019. 81% of Smith's compensation, or $9.1M, was in stock awards. Smith also received $1.1M in non-equity incentive plan, $988K in salary, as well as $11K in other compensation.
For fiscal year 2020, the median employee pay was $98,261 at Ciena. Therefore, the ratio of Gary B. Smith's pay to the median employee pay was 114 to one.
James E. Moylan, Jr, Chief Financial Officer, received a compensation package of $3.1M, which decreased by 7% compared to previous year. 66% of the compensation package, or $2M, was in stock awards.
Jason M. Phipps, SVP, Global Customer Engagement, earned $3M in 2020, a 7% increase compared to previous year.
Scott A. McFeely, SVP, Global Products and Services, received $2.9M in 2020, which increases by 8% compared to 2019.
David M. Rothenstein, General Counsel, earned $2.6M in 2020, a 5% decrease compared to previous year.
Ciena's fiscal year ends on October 31.