Red Rock Resorts CFO Stephen Cootey's 2021 pay jumps 150% to $4.1M
Red Rock Resorts reports 2021 executive compensation
By ExecPay News
Published: April 25, 2022
Red Rock Resorts reported fiscal year 2021 executive compensation information on April 25, 2022.
In 2021, four executives at Red Rock Resorts received on average a compensation package of $3.6M, a 32% increase compared to previous year.
Average pay of disclosed executives at Red Rock Resorts
Stephen L. Cootey, Chief Financial Officer, received $4.1M in total, which increased by 150% compared to 2020. 41% of Cootey's compensation, or $1.7M, was in option awards. Cootey also received $975K in bonus, $750K in salary, $612K in stock awards, as well as $54K in other compensation.
For fiscal year 2021, the median employee pay was $36,261 at Red Rock Resorts. Therefore, the ratio of Stephen L. Cootey's pay to the median employee pay was 112 to one.
Jeffrey T. Welch, Chief Legal Officer, received a compensation package of $3.8M, which increased by 146% compared to previous year. 42% of the compensation package, or $1.6M, was in option awards.
Robert A. Finch, Chief Operating Officer, earned $3.5M in 2021, a 197% increase compared to previous year.
Frank J. Fertitta III, Chief Executive Officer, received $3.2M in 2021, which increases by 29% compared to 2020.
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Source: SEC filing on April 25, 2022.