Seagate Technology CFO Gianluca Romano's 2022 pay jumps 355% to $15M
Seagate Technology reports 2022 executive compensation
By ExecPay News
Published: September 1, 2022
Seagate Technology reported fiscal year 2022 executive compensation information on September 1, 2022.
In 2022, five executives at Seagate Technology received on average a compensation package of $7.8M, a 59% increase compared to previous year.
Average pay of disclosed executives at Seagate Technology
Gianluca Romano, Chief Financial Officer, received $15M in total, which increased by 355% compared to 2021. 86% of Romano's compensation, or $13M, was in stock awards. Romano also received $776K in non-equity incentive plan, $677K in option awards, $644K in salary, as well as $7.4K in other compensation.
For fiscal year 2022, the median employee pay was $10,763 at Seagate Technology. Therefore, the ratio of Gianluca Romano's pay to the median employee pay was 1,401 to one.
William D. Mosley, Chief Executive Officer, received a compensation package of $13M, which increased by 13% compared to previous year. 61% of the compensation package, or $8.1M, was in stock awards.
Jeffrey D. Nygaard, Executive Vice President, Operations and Technology, earned $5.1M in 2022, a 52% increase compared to previous year.
Ravi Naik, Executive Vice President, Storage Servicesand Chief Information Officer, received $3.3M in 2022, which decreases by 6% compared to 2021.
Ban Seng Teh, Executive Vice President, Global Sales and Sales Operations, earned $2.5M in 2022, a 12% decrease compared to previous year.
Seagate Technology's fiscal year ends on July 1.
Related executives
William Mosley
Seagate Technology
Chief Executive Officer
Gianluca Romano
Seagate Technology
Chief Financial Officer
Jeffrey Nygaard
Seagate Technology
Executive Vice President, Operations and Technology
Ravi Naik
Seagate Technology
Executive Vice President, Storage Servicesand Chief Information Officer
Ban Teh
Seagate Technology
Executive Vice President, Global Sales and Sales Operations
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Source: SEC filing on September 1, 2022.