Legg Mason CEO Joseph Sullivan's 2018 pay rises 8% to $9.7M
Legg Mason reports 2018 executive compensation
By ExecPay News
Published: June 20, 2018
Legg Mason reported fiscal year 2018 executive compensation information on June 20, 2018.
In 2018, five Legg Mason executives received on average a compensation package of $4M, a 3% decrease compared to previous year.
Average pay of disclosed executives at Legg Mason
Joseph A. Sullivan, Chief Executive Officer, received $9.7M in total, which increased by 8% compared to 2017. 41% of Sullivan's compensation, or $4M, was in bonus. Sullivan also received $1.7M in option awards, $500K in salary, $3.3M in stock awards, as well as $194K in other compensation.
Peter H. Nachtwey, Chief Financial Officer, received a compensation package of $3.5M, which increased by 6% compared to previous year. 47% of the compensation package, or $1.6M, was in bonus.
Thomas K. Hoops, Executive Vice President, earned $2.9M in 2018, a 5% increase compared to previous year.
Thomas C. Merchant, General Counsel, received $2.1M in 2018, which increases by 14% compared to 2017.
Terence Johnson, Executive Vice President, earned $2M in 2018, a 48% decrease compared to previous year.
Legg Mason's fiscal year ends on March 31.
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Source: SEC filing on June 20, 2018.