Infinera CEO David Heard's 2021 pay rises 11% to $4.6M
Infinera reports 2021 executive compensation
By ExecPay News
Published: April 1, 2022
Infinera reported fiscal year 2021 executive compensation information on April 1, 2022.
In 2021, four Infinera executives received on average a compensation package of $2.4M, a 24% increase compared to previous year.
Average pay of disclosed executives at Infinera
David W. Heard, Chief Executive Officer, received $4.6M in total, which increased by 11% compared to 2020. 80% of Heard's compensation, or $3.7M, was in stock awards. Heard also received $200K in bonus, $700K in salary, as well as $4.7K in other compensation.
For fiscal year 2021, the median employee pay was $103,397 at Infinera. Therefore, the ratio of David W. Heard's pay to the median employee pay was 45 to one.
Nicholas Walden, Senior Vice President, Worldwide Sales, received a compensation package of $1.9M, which increased by 58% compared to previous year. 54% of the compensation package, or $1M, was in stock awards.
Nancy Erba, Chief Financial Officer, earned $1.7M in 2021, a 32% increase compared to previous year.
David L. Teichmann, Chief Legal Officer, received $1.5M in 2021, which increases by 26% compared to 2020.
Infinera's fiscal year ends on December 25.
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Source: SEC filing on April 1, 2022.