Okta CEO Todd McKinnon's 2020 pay jumps 79% to $9M
Okta reports 2020 executive compensation
By ExecPay News
Published: May 5, 2020
Okta reported fiscal year 2020 executive compensation information on May 5, 2020.
In 2020, five Okta executives received on average a compensation package of $5.1M, a 41% increase compared to previous year.
Average pay of disclosed executives at Okta
Todd McKinnon, Chief Executive Officer, received $9M in total, which increased by 79% compared to 2019. 46% of McKinnon's compensation, or $4.2M, was in stock awards. McKinnon also received $171K in non-equity incentive plan, $4.1M in option awards, $306K in salary, as well as $248K in other compensation.
For fiscal year 2020, the median employee pay was $225,074 at Okta. Therefore, the ratio of Todd McKinnon's pay to the median employee pay was 40 to one.
J. Frederic Kerrest, Chief Operating Officer, received a compensation package of $5.9M, which increased by 33% compared to previous year. 46% of the compensation package, or $2.7M, was in stock awards.
William E. Losch, Chief Financial Officer, earned $4M in 2020, a 16% increase compared to previous year.
Charles Race, President, Worldwide Field Operations, received $3.6M in 2020, which increases by 28% compared to 2019.
Jonathan T. Runyan, General Counsel, earned $2.9M in 2020, a 26% increase compared to previous year.
Okta's fiscal year ends on January 31.
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Source: SEC filing on May 5, 2020.