Sotheby's CEO Thomas Smith's 2018 pay slips 9% to $7.4M
Sotheby's reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Sotheby's reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, five Sotheby's executives received on average a compensation package of $3.4M, a 4% increase compared to previous year.
Average pay of disclosed executives at Sotheby's
Thomas S. Smith, Jr, Chief Executive Officer, received $7.4M in total, which decreased by 9% compared to 2017. 40% of Smith's compensation, or $3M, was in stock awards. Smith also received $2.8M in non-equity incentive plan, $1.4M in salary, as well as $246K in other compensation.
For fiscal year 2018, the median employee pay was $70,448 at Sotheby's. Therefore, the ratio of Thomas S. Smith, Jr's pay to the median employee pay was 106 to one.
Michael Goss, Chief Financial Officer, received a compensation package of $2.5M, which increased by 28% compared to previous year. 68% of the compensation package, or $1.7M, was in stock awards.
David Goodman, Executive Vice President, Digital Developing and Marketing, earned $2.4M in 2018, a 3% decrease compared to previous year.
Adam Chinn, Chief Operating Officer, received $2.3M in 2018, which increases by 5% compared to 2017.
Valentino D. Carlotti, Executive Vice President, Head of Global Business Development, earned $2.3M in 2018, a 49% increase compared to previous year.
Related executives
Thomas Smith
Sotheby's
Chief Executive Officer
Michael Goss
Sotheby's
Chief Financial Officer
Valentino Carlotti
Sotheby's
Executive Vice President, Head of Global Business Development
Adam Chinn
Sotheby's
Chief Operating Officer
David Goodman
Sotheby's
Executive Vice President, Digital Developing and Marketing
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Source: SEC filing on March 29, 2019.