HC2 Holdings CEO Philip Falcone's 2018 pay jumps 42% to $12M
HC2 Holdings reports 2018 executive compensation
By ExecPay News
Published: April 29, 2019
HC2 Holdings reported fiscal year 2018 executive compensation information on April 29, 2019.
In 2018, five executives at HC2 Holdings received on average a compensation package of $3.6M, a 44% increase compared to previous year.
Average pay of disclosed executives at HC2 Holdings
Philip A. Falcone, Chief Executive Officer, received $12M in total, which increased by 42% compared to 2017. 62% of Falcone's compensation, or $7.1M, was in stock awards. Falcone also received $2.4M in non-equity incentive plan, $1.4M in option awards, as well as $600K in salary.
For fiscal year 2018, the median employee pay was $24,458 at HC2 Holdings. Therefore, the ratio of Philip A. Falcone's pay to the median employee pay was 472 to one.
Michael J. Sena, Chief Financial Officer, received a compensation package of $2.1M, which increased by 23% compared to previous year. 56% of the compensation package, or $1.2M, was in stock awards.
Paul K. Voigt, Former Senior Managing Director, Investments, earned $2.1M in 2018, a 33% decrease compared to previous year.
Joseph A. Ferraro, Chief Legal Officer, received $1.2M in 2018, which increases by 10% compared to 2017.
Suzi Raftery Herbst, Chief Administrative Officer, earned $981K in 2018, a 34% increase compared to previous year.
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Source: SEC filing on April 29, 2019.