Great Lakes Dredge & Dock CEO Lasse Petterson's 2018 pay jumps 48% to $3.3M
Great Lakes Dredge & Dock reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
Great Lakes Dredge & Dock reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, five executives at Great Lakes Dredge & Dock received on average a compensation package of $1.4M, a 67% increase compared to previous year.
Average pay of disclosed executives at Great Lakes Dredge & Dock
Lasse J. Petterson, Chief Executive Officer, received $3.3M in total, which increased by 48% compared to 2017. 31% of Petterson's compensation, or $1M, was in stock awards. Petterson also received $500K in bonus, $985K in non-equity incentive plan, $700K in salary, as well as $68K in other compensation.
For fiscal year 2018, the median employee pay was $88,808 at Great Lakes Dredge & Dock. Therefore, the ratio of Lasse J. Petterson's pay to the median employee pay was 37 to one.
David E. Simonelli, President of the Dredging Division, received a compensation package of $1.2M, which increased by 37% compared to previous year. 36% of the compensation package, or $420K, was in salary.
Mark W. Marinko, Chief Financial Officer, earned $977K in 2018, a 22% increase compared to previous year.
Christopher P. Shea, President of the Environmental Infrastructure Division, received $972K in 2018, which increases by 67% compared to 2017.
Kathleen M. LaVoy, Chief Legal Officer, earned $802K in 2018, a 35% increase compared to previous year.
Related executives
Lasse Petterson
Great Lakes Dredge & Dock
Chief Executive Officer
Mark Marinko
Great Lakes Dredge & Dock
Chief Financial Officer
Kathleen LaVoy
Great Lakes Dredge & Dock
Chief Legal Officer
Christopher Shea
Great Lakes Dredge & Dock
President of the Environmental Infrastructure Division
David Simonelli
Great Lakes Dredge & Dock
Chief Operating Officer
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Source: SEC filing on March 21, 2019.