Norfolk Southern CEO James Squires' 2019 pay rises 17% to $17M
Norfolk Southern reports 2019 executive compensation
By ExecPay News
Published: March 27, 2020
Norfolk Southern reported fiscal year 2019 executive compensation information on March 27, 2020.
In 2019, six executives at Norfolk Southern received on average a compensation package of $6.4M, a 7% increase compared to previous year.
Average pay of disclosed executives at Norfolk Southern
James A. Squires, Chief Executive Officer, received $17M in total, which increased by 17% compared to 2018. 40% of Squires' compensation, or $6.7M, was in stock awards. Squires also received $6.2M of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $1.2M in option awards, $1.1M in salary, as well as $303K in other compensation.
For fiscal year 2019, the median employee pay was $108,348 at Norfolk Southern. Therefore, the ratio of James A. Squires' pay to the median employee pay was 154 to one.
Cynthia C. Earhart, Chief Financial Officer, received a compensation package of $6.2M, which increased by 38% compared to previous year. 57% of the compensation package, or $3.5M, was of change in pension value and nonqualified deferred compensation earnings.
Michael J. Wheeler, Chief Operating Officer, earned $6.1M in 2019, a 26% increase compared to previous year.
Alan H. Shaw, Chief Marketing Officer, received $4.7M in 2019, which increases by 21% compared to 2018.
John M. Scheib, Executive Vice President and Chief Strategy Officer, earned $3.4M in 2019, a 26% increase compared to previous year.
Mark R. George, Chief Financial Officer, received $1.6M in 2019.
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Source: SEC filing on March 27, 2020.