Copart President Vincent Mitz's 2011 pay jumps 67% to $5.9M

Copart reports 2011 executive compensation

By ExecPay News

Published: November 14, 2011

Copart reported fiscal year 2011 executive compensation information on November 14, 2011.
In 2011, five Copart executives received on average a compensation package of $2.4M, a 119% increase compared to previous year.
Average pay of disclosed executives at Copart
Vincent W. Mitz, President, received $5.9M in total, which increased by 67% compared to 2010. 81% of Mitz's compensation, or $4.8M, was in option awards. Mitz also received $500K in bonus, $640K in salary, as well as $17K in other compensation.
Robert H. Vannuccini, Senior Vice President, Sales, received a compensation package of $2.3M. 73% of the compensation package, or $1.7M, was in option awards.
William E. Franklin, Chief Financial Officer, earned $2M in 2011, a 65% increase compared to previous year.
Russell D. Lowy, Chief Operating Officer, received $1.9M in 2011, which increases by 60% compared to 2010.
A. Jayson Adair, Chief Executive Officer, earned $71K in 2011, a 42% increase compared to previous year.
Copart's fiscal year ends on July 31.

Related executives

A Adair

Copart

Chief Executive Officer

Vincent Mitz

Copart

President

William Franklin

Copart

Former Executive Vice President

Russell Lowy

Copart

Chief Operating Officer

Robert Vannuccini

Copart

Senior Vice President, Sales and Chief Sales Officer

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Source: SEC filing on November 14, 2011.