Ciena CEO Gary Smith's 2022 pay rises 5% to $12M
Ciena reports 2022 executive compensation
By ExecPay News
Published: February 16, 2023
Ciena reported fiscal year 2022 executive compensation information on February 16, 2023.
In 2022, five Ciena executives received on average a compensation package of $5M, a 4% increase compared to previous year.
Average pay of disclosed executives at Ciena
Gary B. Smith, Chief Executive Officer, received $12M in total, which increased by 5% compared to 2021. 92% of Smith's compensation, or $11M, was in stock awards. Smith also received $1M in salary and $12K in other compensation.
For fiscal year 2022, the median employee pay was $86,933 at Ciena. Therefore, the ratio of Gary B. Smith's pay to the median employee pay was 138 to one.
Scott A. McFeely, SVP, Global Products and Services, received a compensation package of $3.4M, which increased by 8% compared to previous year. 83% of the compensation package, or $2.8M, was in stock awards.
Jason M. Phipps, SVP, Global Customer Engagement, earned $3.3M in 2022, a 5% increase compared to previous year.
James E. Moylan, Jr, Chief Financial Officer, received $3.3M in 2022, which decreases by 1% compared to 2021.
David M. Rothenstein, General Counsel, earned $2.8M in 2022, a 3% increase compared to previous year.
Ciena's fiscal year ends on October 29.
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Source: SEC filing on February 16, 2023.