Coca Cola CEO James Quincey's 2020 pay slips 2% to $18M
Coca Cola reports 2020 executive compensation
By ExecPay News
Published: March 4, 2021
Coca Cola reported fiscal year 2020 executive compensation information on March 4, 2021.
In 2020, five Coca Cola executives received on average a compensation package of $8.6M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Coca Cola
James Quincey, Chief Executive Officer, received $18M in total, which decreased by 2% compared to 2019. 62% of Quincey's compensation, or $11M, was in stock awards. Quincey also received $960K in bonus, $760K of change in pension value and nonqualified deferred compensation earnings, $3.1M in option awards, $1.6M in salary, as well as $473K in other compensation.
For fiscal year 2020, the median employee pay was $11,342 at Coca Cola. Therefore, the ratio of James Quincey's pay to the median employee pay was 1,621 to one.
Brian J. Smith, Chief Operating Officer, received a compensation package of $7.3M, which decreased by 15% compared to previous year. 57% of the compensation package, or $4.2M, was in stock awards.
John Murphy, Chief Financial Officer, earned $7.1M in 2020, a 23% decrease compared to previous year.
Manuel Arroyo, Chief Marketing Officer, received $5.6M in 2020, which increases by 12% compared to 2019.
Bradley M. Gayton, General Counsel, earned $4.7M in 2020.
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Source: SEC filing on March 4, 2021.