Sanmina CEO Jure Sola's 2021 pay jumps 143% to $15M
Sanmina reports 2021 executive compensation
By ExecPay News
Published: January 27, 2022
Sanmina reported fiscal year 2021 executive compensation information on January 27, 2022.
In 2021, four Sanmina executives received on average a compensation package of $5.1M, a 44% increase compared to previous year.
Average pay of disclosed executives at Sanmina
Jure Sola, Chief Executive Officer, received $15M in total, which increased by 143% compared to 2020. 71% of Sola's compensation, or $10M, was in stock awards. Sola also received $3.1M in non-equity incentive plan, $1.1M in salary, as well as $42K in other compensation.
For fiscal year 2021, the median employee pay was $11,048 at Sanmina. Therefore, the ratio of Jure Sola's pay to the median employee pay was 1,316 to one.
Kurt Adzema, Chief Financial Officer, received a compensation package of $2.7M, which decreased by 33% compared to previous year. 63% of the compensation package, or $1.7M, was in stock awards.
Alan McW. Reid, Executive Vice President, Global Human Resources, earned $2.2M in 2021, a 49% increase compared to previous year.
Dennis R. Young, Executive Vice President, Worldwide Sales, received $939K in 2021, which decreases by 7% compared to 2020.
Sanmina's fiscal year ends on September 30.
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Source: SEC filing on January 27, 2022.