Norfolk Southern CEO James Squires' 2021 pay slips 1% to $14M
Norfolk Southern reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
Norfolk Southern reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, five executives at Norfolk Southern received on average a compensation package of $6.1M, a 10% increase compared to previous year.
Average pay of disclosed executives at Norfolk Southern
James A. Squires, Chief Executive Officer, received $14M in total, which decreased by 1% compared to 2020. 52% of Squires' compensation, or $7.3M, was in stock awards. Squires also received $756K of change in pension value and nonqualified deferred compensation earnings, $3.5M in non-equity incentive plan, $1.3M in option awards, $1.1M in salary, as well as $63K in other compensation.
For fiscal year 2021, the median employee pay was $99,945 at Norfolk Southern. Therefore, the ratio of James A. Squires' pay to the median employee pay was 140 to one.
Alan H. Shaw, President, received a compensation package of $4.4M, which is about the same as previous year. 33% of the compensation package, or $1.4M, was in stock awards.
Cynthia M. Sanborn, Chief Operating Officer, earned $4.1M in 2021, a 41% increase compared to previous year.
Ann A. Adams, Executive Vice President and Chief Transformation Officer, received $4M in 2021, which increases by 21% compared to 2020.
Mark R. George, Chief Financial Officer, earned $3.8M in 2021, a 38% increase compared to previous year.
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Source: SEC filing on March 31, 2022.