Photronics reports 2018 executive compensation

CEO Peter S. Kirlin receives $1.5M

Photronics reported fiscal year 2018 executive compensation information on February 28, 2019.

In 2018, six Photronics executives received on average a compensation package of $750,354, a 12% increase compared to previous year.

Average pay of disclosed executives at Photronics

Peter S. Kirlin, Chief Executive Officer, received $1,546,173 in total, which increased by 31% compared to 2017. 38.22% of Kirlin's compensation, or $591,001, was in salary. Kirlin also received $390,000 in bonus, $41,040 in option awards, $516,000 in stock awards, as well as $8,132 in other compensation.

Frank Lee, President, Asia IC Photomask, received a compensation package of $838,061. 50.00% of the compensation package, or $419,027, was in salary.

Christopher J. Progler, Chief Technology Officer, earned $674,373 in 2018, a 10% increase compared to previous year.

Richelle Burr, General Counsel, received $556,791 in 2018, which increases by 3% compared to 2017.

John P. Jordan, Chief Financial Officer, earned $500,931 in 2018, a 83% increase compared to previous year.

Constantine S. Macricostas, Chairman, received $385,792 in 2018, which decreases by 50% compared to 2017.

Photronics' fiscal year ends on October 31.