Penn National Gaming CEO Jay Snowden's 2019 pay jumps 144% to $11M
Penn National Gaming reports 2019 executive compensation
By ExecPay News
Published: April 27, 2020
Penn National Gaming reported fiscal year 2019 executive compensation information on April 27, 2020.
In 2019, four executives at Penn National Gaming received on average a compensation package of $6.5M, a 42% increase compared to previous year.
Average pay of disclosed executives at Penn National Gaming
Jay A. Snowden, Chief Executive Officer, received $11M in total, which increased by 144% compared to 2018. 66% of Snowden's compensation, or $7.2M, was in option awards. Snowden also received $1.3M in non-equity incentive plan, $1.1M in salary, $1.2M in stock awards, as well as $139K in other compensation.
For fiscal year 2019, the median employee pay was $29,299 at Penn National Gaming. Therefore, the ratio of Jay A. Snowden's pay to the median employee pay was 375 to one.
Timothy J. Wilmott, Chief Executive Officer, received a compensation package of $9.5M, which increased by 7% compared to previous year. 29% of the compensation package, or $2.8M, was in stock awards.
William J. Fair, Chief Financial Officer, earned $2.9M in 2019, a 7% increase compared to previous year.
Carl Sottosanti, General Counsel, received $2.7M in 2019, which increases by 20% compared to 2018.
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Source: SEC filing on April 27, 2020.