Novatel Wireless CEO Ashish Sharma's 2022 pay jumps 83% to $5.5M
Novatel Wireless reports 2022 executive compensation
By ExecPay News
Published: August 3, 2023
Novatel Wireless reported fiscal year 2022 executive compensation information on August 3, 2023.
In 2022, four executives at Novatel Wireless received on average a compensation package of $1.9M, a 18% decrease compared to previous year.
Average pay of disclosed executives at Novatel Wireless
Ashish Sharma, Chief Executive Officer, received $5.5M in total, which increased by 83% compared to 2021. 69% of Sharma's compensation, or $3.7M, was in option awards. Sharma also received $270K in bonus, $482K in salary, $956K in stock awards, as well as $12K in other compensation.
For fiscal year 2022, the median employee pay was $88,588 at Novatel Wireless. Therefore, the ratio of Ashish Sharma's pay to the median employee pay was 62 to one.
Dan Mondor, Chief Executive Officer, received a compensation package of $1.1M, which decreased by 81% compared to previous year. 86% of the compensation package, or $950K, was in bonus.
Robert Barbieri, Chief Financial Officer, earned $635K in 2022, a 78% decrease compared to previous year.
Doug Kahn, Executive Vice President, Operations, received $534K in 2022, which decreases by 67% compared to 2021.
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Source: SEC filing on August 3, 2023.