MAXIMUS CEO Bruce Caswell's 2022 pay slips 20% to $6.3M
MAXIMUS reports 2022 executive compensation
By ExecPay News
Published: January 25, 2023
MAXIMUS reported fiscal year 2022 executive compensation information on January 25, 2023.
In 2022, six MAXIMUS executives received on average a compensation package of $2.3M, a 25% decrease compared to previous year.
Average pay of disclosed executives at MAXIMUS
Bruce L. Caswell, Chief Executive Officer, received $6.3M in total, which decreased by 20% compared to 2021. 74% of Caswell's compensation, or $4.7M, was in stock awards. Caswell also received $765K in non-equity incentive plan, $823K in salary, as well as $16K in other compensation.
For fiscal year 2022, the median employee pay was $39,019 at MAXIMUS. Therefore, the ratio of Bruce L. Caswell's pay to the median employee pay was 161 to one.
Teresa A. Weipert, GM US Federal Services, received a compensation package of $1.8M. 50% of the compensation package, or $913K, was in stock awards.
Ilene R. Baylinson, GM U.S. Services, earned $1.6M in 2022, a 24% decrease compared to previous year.
David R. Francis, General Counsel, received $1.5M in 2022, which decreases by 17% compared to 2021.
David W. Mutryn, Chief Financial Officer, earned $1.4M in 2022.
Richard J. Nadeau, Chief Financial Officer, received $1.2M in 2022, which decreases by 60% compared to 2021.
MAXIMUS' fiscal year ends on September 30.
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Source: SEC filing on January 25, 2023.