Coca Cola CEO James Quincey's 2021 pay jumps 35% to $25M
Coca Cola reports 2021 executive compensation
By ExecPay News
Published: March 11, 2022
Coca Cola reported fiscal year 2021 executive compensation information on March 11, 2022.
In 2021, six Coca Cola executives received on average a compensation package of $11M, a 32% increase compared to previous year.
Average pay of disclosed executives at Coca Cola
James Quincey, Chief Executive Officer, received $25M in total, which increased by 35% compared to 2020. 55% of Quincey's compensation, or $14M, was in stock awards. Quincey also received $293K of change in pension value and nonqualified deferred compensation earnings, $6.4M in non-equity incentive plan, $2.8M in option awards, $1.6M in salary, as well as $118K in other compensation.
For fiscal year 2021, the median employee pay was $13,894 at Coca Cola. Therefore, the ratio of James Quincey's pay to the median employee pay was 1,791 to one.
Bradley M. Gayton, General Counsel, received a compensation package of $11M, which increased by 134% compared to previous year. 85% of the compensation package, or $9.3M, was in other compensation.
Brian J. Smith, Chief Operating Officer, earned $10M in 2021, a 44% increase compared to previous year.
John Murphy, Chief Financial Officer, received $9.1M in 2021, which increases by 30% compared to 2020.
Manuel Arroyo, Chief Marketing Officer, earned $7.5M in 2021, a 34% increase compared to previous year.
Alfredo Rivera, President, North America Operating Unit, received $5.2M in 2021.
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Source: SEC filing on March 11, 2022.