Genworth Financial COO Kevin Schneider's 2020 pay jumps 63% to $9.1M
Genworth Financial reports 2020 executive compensation
By ExecPay News
Published: April 1, 2021
Genworth Financial reported fiscal year 2020 executive compensation information on April 1, 2021.
In 2020, six executives at Genworth Financial received on average a compensation package of $5.9M, a 12% increase compared to previous year.
Average pay of disclosed executives at Genworth Financial
Kevin D. Schneider, Chief Operating Officer, received $9.1M in total, which increased by 63% compared to 2019. 57% of Schneider's compensation, or $5.2M, was in non-equity incentive plan. Schneider also received $1.2M of change in pension value and nonqualified deferred compensation earnings, $750K in salary, $1.8M in stock awards, as well as $166K in other compensation.
For fiscal year 2020, the median employee pay was $103,643 at Genworth Financial. Therefore, the ratio of Kevin D. Schneider's pay to the median employee pay was 88 to one.
Daniel J. Sheehan IV, Chief Financial Officer, received a compensation package of $8.6M, which increased by 50% compared to previous year. 54% of the compensation package, or $4.7M, was in non-equity incentive plan.
Thomas J. McInerney, Chief Executive Officer, earned $7.4M in 2020, a 19% decrease compared to previous year.
Ward E. Bobitz, General Counsel, received $4.6M in 2020, which increases by 59% compared to 2019.
Pamela Harrison, Executive Vice President— Human Resources, earned $3.1M in 2020.
Kelly L. Tuminelli, Chief Financial Officer, received $2.7M in 2020, which decreases by 35% compared to 2019.
Related executives
Thomas McInerney
Genworth Financial
Chief Executive Officer
Daniel Sheehan
Genworth Financial
Chief Financial Officer
Kevin Schneider
Genworth Financial
Chief Operating Officer
Ward Bobitz
Genworth Financial
General Counsel
Pamela Harrison
Genworth Financial
Executive Vice President— Human Resources
Kelly Tuminelli
Genworth Financial
Chief Financial Officer
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Source: SEC filing on April 1, 2021.