Pure Storage CEO Charles Giancarlo's 2019 pay falls 53% to $8.4M
Pure Storage reports 2019 executive compensation
By ExecPay News
Published: May 8, 2019
Pure Storage reported fiscal year 2019 executive compensation information on May 8, 2019.
In 2019, four executives at Pure Storage received on average a compensation package of $4.9M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Pure Storage
Charles Giancarlo, Chief Executive Officer, received $8.4M in total, which decreased by 53% compared to 2018. 87% of Giancarlo's compensation, or $7.3M, was in stock awards. Giancarlo also received $550K in non-equity incentive plan and $500K in salary.
For fiscal year 2019, the median employee pay was $223,393 at Pure Storage. Therefore, the ratio of Charles Giancarlo's pay to the median employee pay was 38 to one.
Timothy Riitters, Chief Financial Officer, received a compensation package of $3.8M, which decreased by 16% compared to previous year. 84% of the compensation package, or $3.2M, was in stock awards.
David Hatfield, President, earned $3.7M in 2019, a 21% increase compared to previous year.
John Colgrove, Chief Technology Officer, received $3.6M in 2019, which increases by 117% compared to 2018.
Pure Storage's fiscal year ends on February 2.
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Source: SEC filing on May 8, 2019.