Genco Shipping & Trading CEO John Wobensmith's 2018 pay falls 59% to $2.2M
Genco Shipping & Trading reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Genco Shipping & Trading reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, three executives at Genco Shipping & Trading received on average a compensation package of $1.2M, a 43% decrease compared to previous year.
Average pay of disclosed executives at Genco Shipping & Trading
John C. Wobensmith, Chief Executive Officer, received $2.2M in total, which decreased by 59% compared to 2017. 34% of Wobensmith's compensation, or $742K, was in bonus. Wobensmith also received $497K in option awards, $650K in salary, $275K in stock awards, as well as $38K in other compensation.
Apostolos D. Zafolias, Chief Financial Officer, received a compensation package of $692K, which increased by 54% compared to previous year. 43% of the compensation package, or $300K, was in salary.
Arthur L. Regan, Chairman, earned $660K in 2018, a 92% increase compared to previous year.
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Source: SEC filing on April 5, 2019.