Great Lakes Dredge & Dock CEO Lasse Petterson's 2021 pay slips 6% to $3.1M
Great Lakes Dredge & Dock reports 2021 executive compensation
By ExecPay News
Published: March 25, 2022
Great Lakes Dredge & Dock reported fiscal year 2021 executive compensation information on March 25, 2022.
In 2021, six executives at Great Lakes Dredge & Dock received on average a compensation package of $1.5M, a 4% decrease compared to previous year.
Average pay of disclosed executives at Great Lakes Dredge & Dock
Lasse J. Petterson, Chief Executive Officer, received $3.1M in total, which decreased by 6% compared to 2020. 44% of Petterson's compensation, or $1.4M, was in stock awards. Petterson also received $710K in non-equity incentive plan, $755K in salary, as well as $272K in other compensation.
For fiscal year 2021, the median employee pay was $87,405 at Great Lakes Dredge & Dock. Therefore, the ratio of Lasse J. Petterson's pay to the median employee pay was 36 to one.
David E. Simonelli, Chief Operating Officer, received a compensation package of $2.1M, which increased by 58% compared to previous year. 51% of the compensation package, or $1.1M, was in stock awards.
Mark W. Marinko, Chief Financial Officer, earned $1.6M in 2021, a 30% increase compared to previous year.
Vivienne R. Schiffer, Chief Legal Officer, received $791K in 2021.
James J. Tastard, Senior Vice President, Chief Human Resources & Administrative Officer, earned $771K in 2021, a 25% increase compared to previous year.
Scott L. Kornblau, Chief Financial Officer, received $415K in 2021.
Related executives
Lasse Petterson
Great Lakes Dredge & Dock
Chief Executive Officer
Scott Kornblau
Great Lakes Dredge & Dock
Chief Financial Officer
David Simonelli
Great Lakes Dredge & Dock
Chief Operating Officer
Vivienne Schiffer
Great Lakes Dredge & Dock
Chief Legal Officer
James Tastard
Great Lakes Dredge & Dock
Senior Vice President, Chief Human Resources & Administrative Officer
Mark Marinko
Great Lakes Dredge & Dock
Chief Financial Officer
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Source: SEC filing on March 25, 2022.