Genworth Financial CEO Thomas McInerney's 2019 pay slips 2% to $9.1M
Genworth Financial reports 2019 executive compensation
By ExecPay News
Published: October 28, 2020
Genworth Financial reported fiscal year 2019 executive compensation information on October 28, 2020.
In 2019, five executives at Genworth Financial received on average a compensation package of $5.5M, a 50% increase compared to previous year.
Average pay of disclosed executives at Genworth Financial
Thomas J. McInerney, Chief Executive Officer, received $9.1M in total, which decreased by 2% compared to 2018. 56.46% of McInerney's compensation, or $5.1M, was in stock awards. McInerney also received $2.5M in non-equity incentive plan, $1M in salary, as well as $463.1K in other compensation.
For fiscal year 2019, the median employee pay was $90,616 at Genworth Financial. Therefore, the ratio of Thomas J. McInerney's pay to the median employee pay was 100 to one.
Daniel J. Sheehan IV, Chief Financial Officer, received a compensation package of $5.8M, which increased by 121% compared to previous year. 37.35% of the compensation package, or $2.2M, was in stock awards.
Kevin D. Schneider, Chief Operating Officer, earned $5.6M in 2019, a 119% increase compared to previous year.
Kelly L. Groh, Chief Financial Officer, received $4.2M in 2019, which increases by 131% compared to 2018.
Ward E. Bobitz, General Counsel, earned $2.9M in 2019, a 41% increase compared to previous year.
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Source: SEC filing on October 28, 2020.