Shutterstock CEO Stan Pavlovsky's 2020 pay jumps 54% to $7M
Shutterstock reports 2020 executive compensation
By ExecPay News
Published: April 22, 2021
Shutterstock reported fiscal year 2020 executive compensation information on April 22, 2021.
In 2020, six executives at Shutterstock received on average a compensation package of $3.2M, a 27% increase compared to previous year.
Average pay of disclosed executives at Shutterstock
Stan Pavlovsky, Chief Executive Officer, received $7M in total, which increased by 54% compared to 2019. 79% of Pavlovsky's compensation, or $5.6M, was in stock awards. Pavlovsky also received $820K in non-equity incentive plan, $610K in salary, as well as $12K in other compensation.
For fiscal year 2020, the median employee pay was $146,479 at Shutterstock. Therefore, the ratio of Stan Pavlovsky's pay to the median employee pay was 48 to one.
Jonathan Oringer, Chairman, received a compensation package of $5.3M, which increased by 14% compared to previous year. 91% of the compensation package, or $4.8M, was in stock awards.
Jarrod Yahes, Chief Financial Officer, earned $3.3M in 2020, a 6610% increase compared to previous year.
Steven Ciardiello, Chief Accounting Officer, received $1.3M in 2020, which decreases by 22% compared to 2019.
Peter Silvio, Chief Technology Officer, earned $1.2M in 2020.
Abraham Muchnick, Former Chief Product Officer, received $1.1M in 2020.
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Source: SEC filing on April 22, 2021.