Southern Company CEO Thomas Fanning's 2021 pay slips 5% to $21M
Southern Company reports 2021 executive compensation
By ExecPay News
Published: April 15, 2022
Southern Company reported fiscal year 2021 executive compensation information on April 15, 2022.
In 2021, seven executives at Southern Company received on average a compensation package of $7.5M, a 26% decrease compared to previous year.
Average pay of disclosed executives at Southern Company
Thomas A. Fanning, Chief Executive Officer, received $21M in total, which decreased by 5% compared to 2020. 70% of Fanning's compensation, or $15M, was in stock awards. Fanning also received $1.7M of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $1.6M in salary, as well as $227K in other compensation.
For fiscal year 2021, the median employee pay was $132,450 at Southern Company. Therefore, the ratio of Thomas A. Fanning's pay to the median employee pay was 160 to one.
W. Paul Bowers, Chief Executive Officer, received a compensation package of $7.2M, which decreased by 33% compared to previous year. 51% of the compensation package, or $3.7M, was in stock awards.
Christopher C. Womack, Chief Executive Officer, earned $6.2M in 2021.
Mark A. Crosswhite, Chief Executive Officer, received $5.3M in 2021, which decreases by 28% compared to 2020.
Andrew W. Evans, Chief Financial Officer, earned $5.1M in 2021, a 7% decrease compared to previous year.
Stephen E. Kuczynski, Chief Executive Officer, received $4.8M in 2021, which decreases by 6% compared to 2020.
Daniel S. Tucker, Chief Financial Officer, earned $2.7M in 2021.
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Source: SEC filing on April 15, 2022.