Great Lakes Dredge & Dock CEO Lasse Petterson's 2020 pay slips 13% to $3.3M
Great Lakes Dredge & Dock reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Great Lakes Dredge & Dock reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, seven executives at Great Lakes Dredge & Dock received on average a compensation package of $1.5M, a 15% decrease 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 decreased by 13% compared to 2019. 38% of Petterson's compensation, or $1.3M, was in non-equity incentive plan. Petterson also received $725K in salary, $1.2M in stock awards, as well as $159K in other compensation.
For fiscal year 2020, the median employee pay was $88,124 at Great Lakes Dredge & Dock. Therefore, the ratio of Lasse J. Petterson's pay to the median employee pay was 37 to one.
Kathleen M. LaVoy, Chief Legal Officer, received a compensation package of $2.4M, which increased by 144% compared to previous year. 63% of the compensation package, or $1.5M, was in other compensation.
David E. Simonelli, Chief Operating Officer, earned $1.3M in 2020, a 2% increase compared to previous year.
Annette W. Cyr, Former Senior Vice President, Chief Human Resources & Administrative Officer, received $1.3M in 2020.
Mark W. Marinko, Chief Financial Officer, earned $1.2M in 2020, a 9% increase compared to previous year.
James J. Tastard, Senior Vice President, Chief Human Resources & Administrative Officer as of, received $619K in 2020.
William H. Hanson, Senior Vice President – Government Relations & Business Development, earned $536K in 2020.
Related executives
Lasse Petterson
Great Lakes Dredge & Dock
Chief Executive Officer
Mark Marinko
Great Lakes Dredge & Dock
Chief Financial Officer
David Simonelli
Great Lakes Dredge & Dock
Chief Operating Officer
James Tastard
Great Lakes Dredge & Dock
Senior Vice President, Chief Human Resources & Administrative Officer
William Hanson
Great Lakes Dredge & Dock
Senior Vice President – Government Relations & Business Development
Kathleen LaVoy
Great Lakes Dredge & Dock
Chief Legal Officer
Annette Cyr
Great Lakes Dredge & Dock
Former Senior Vice President, Chief Human Resources & Administrative Officer
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Source: SEC filing on March 26, 2021.