NIC CEO Harry Herington's 2019 pay rises 3% to $2.4M
NIC reports 2019 executive compensation
By ExecPay News
Published: March 12, 2020
NIC reported fiscal year 2019 executive compensation information on March 12, 2020.
In 2019, six NIC executives received on average a compensation package of $1.2M, which is about the same as previous year.
Average pay of disclosed executives at NIC
Harry H. Herington, Chief Executive Officer, received $2.4M in total, which increased by 3% compared to 2018. 41% of Herington's compensation, or $986K, was in stock awards. Herington also received $797K in non-equity incentive plan, $500K in salary, as well as $138K in other compensation.
For fiscal year 2019, the median employee pay was $85,670 at NIC. Therefore, the ratio of Harry H. Herington's pay to the median employee pay was 28 to one.
Robert W. Knapp, Jr, Chief Operating Officer, received a compensation package of $1.6M, which increased by 37% compared to previous year. 97% of the compensation package, or $1.5M, was in other compensation.
Stephen M. Kovzan, Chief Financial Officer, earned $1M in 2019, a 2% increase compared to previous year.
Jayne Friedland Holland, Chief Security Officer, received $949K in 2019, which increases by 4% compared to 2018.
Douglas Rogers, SVP, Business Development, earned $578K in 2019.
William A. Van Asselt, General Counsel, received $507K in 2019, which increases by 6% compared to 2018.
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Source: SEC filing on March 12, 2020.