Markit reports 2018 executive compensation

CEO Lance Uggla receives $11.2M

Markit reported fiscal year 2018 executive compensation information on February 27, 2019.

In 2018, seven Markit executives received on average a compensation package of $4,392,083, a 41% decrease compared to previous year.

Average pay of disclosed executives at Markit

Lance Uggla, Chief Executive Officer, received $11,184,705 in total, which increased by 30% compared to 2017. 71.53% of Uggla's compensation, or $7,999,989, was in stock awards. Uggla also received $1,920,000 in non-equity incentive plan, $1,200,000 in salary, as well as $64,716 in other compensation.

For fiscal year 2018, the median employee pay was $87,721 at Markit. Therefore, the ratio of Lance Uggla's pay to the median employee pay was 128 to one.

Daniel Yergin, Chairman, received a compensation package of $7,994,255. 86.66% of the compensation package, or $6,928,185, was in stock awards.

Todd Hyatt, Chief Financial Officer, earned $3,968,495 in 2018, a 58% decrease compared to previous year.

Jonathan Gear, Exec. Vice Pres., President of Resources, Transportation & CMS, received $2,888,256 in 2018, which decreases by 69% compared to 2017.

Adam Kansler, Exec. Vice Pres., President of Financial Services, earned $2,620,247 in 2018, a 64% decrease compared to previous year.

Sari Granat, Exec. Vice Pres Chief Admin Officer and Gen. Counsel, received $1,901,559 in 2018, which increases by 28% compared to 2017.

Jerre Stead, Chief Executive Officer, earned $187,067 in 2018, a 98% decrease compared to previous year.

Markit's fiscal year ends on November 30.