NIC CEO Harry Herington's 2018 pay slips 13% to $2.3M
NIC reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
NIC reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five NIC executives received on average a compensation package of $1.2M, a 7% decrease compared to previous year.
Average pay of disclosed executives at NIC
Harry H. Herington, Chief Executive Officer, received $2.3M in total, which decreased by 13% compared to 2017. 37% of Herington's compensation, or $875K, was in stock awards. Herington also received $835K in non-equity incentive plan, $500K in salary, as well as $135K in other compensation.
For fiscal year 2018, the median employee pay was $81,962 at NIC. Therefore, the ratio of Harry H. Herington's pay to the median employee pay was 29 to one.
Robert W. Knapp, Jr, Chief Operating Officer, received a compensation package of $1.2M, which decreased by 10% compared to previous year. 35% of the compensation package, or $407K, was in non-equity incentive plan.
Stephen M. Kovzan, Chief Financial Officer, earned $1M in 2018, a 10% decrease compared to previous year.
Jayne Friedland Holland, Chief Security Officer, received $913K in 2018, which increases by 18% compared to 2017.
William A. Van Asselt, General Counsel, earned $479K in 2018, a 3% increase compared to previous year.
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Source: SEC filing on March 22, 2019.