Ocean Power Technologies CEO George Kirby's 2018 pay rises 5% to $779.9K

Ocean Power Technologies reports 2018 executive compensation

Published: October 12, 2018

Ocean Power Technologies reported fiscal year 2018 executive compensation information on October 12, 2018.

In 2018, four executives at Ocean Power Technologies received on average a compensation package of $380.9K, a 19% decrease compared to previous year.

Average pay of disclosed executives at Ocean Power Technologies

George H. Kirby III, Chief Executive Officer, received $779.9K in total, which increased by 5% compared to 2017. 48.93% of Kirby's compensation, or $381.6K, was in salary. Kirby also received $276.6K in bonus, $70K in stock awards, as well as $51.7K in other compensation.

Matthew T. Shafer, Chief Financial Officer, received a compensation package of $375.2K, which increased by 52% compared to previous year. 62.91% of the compensation package, or $236K, was in salary.

Christopher A. Phebus, Vice President, Engineering, earned $243K in 2018.

Mike M. Mekhiche, Former Executive Vice President, Engineering and Operations, received $125.5K in 2018, which decreases by 76% compared to 2017.

Ocean Power Technologies' fiscal year ends on April 30.