Danimer Scientific CEO Stephen Croskrey's 2021 pay jumps 148% to $72M
Danimer Scientific reports 2021 executive compensation
By ExecPay News
Published: June 30, 2022
Danimer Scientific reported fiscal year 2021 executive compensation information on June 30, 2022.
In 2021, five executives at Danimer Scientific received on average a compensation package of $26M, a 130% increase compared to previous year.
Average pay of disclosed executives at Danimer Scientific
Stephen E. Croskrey, Chief Executive Officer, received $72M in total, which increased by 148% compared to 2020. 80% of Croskrey's compensation, or $57M, was in stock awards. Croskrey also received $2.7M in bonus, $11M in option awards, $875K in salary, as well as $24K in other compensation.
For fiscal year 2021, the median employee pay was $58,350 at Danimer Scientific. Therefore, the ratio of Stephen E. Croskrey's pay to the median employee pay was 1,232 to one.
Scott Tuten, Chief Marketing and Sustainability Officer, received a compensation package of $14M, which increased by 110% compared to previous year. 97% of the compensation package, or $14M, was in stock awards.
Phillip Van Trump, Chief Science and Technology Officer, earned $14M in 2021, a 110% increase compared to previous year.
John A. Dowdy, III, Chief Financial Officer, received $14M in 2021, which increases by 110% compared to 2020.
Michael Smith, Chief Operating Officer, earned $14M in 2021, a 110% increase compared to previous year.
Related executives
Stephen Croskrey
Danimer Scientific
Chief Executive Officer
John Dowdy
Danimer Scientific
Chief Financial Officer
Phillip Van Trump
Danimer Scientific
Chief Science and Technology Officer
Michael Smith
Danimer Scientific
Chief Operating Officer
Scott Tuten
Danimer Scientific
Chief Marketing and Sustainability Officer
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Source: SEC filing on June 30, 2022.