MDC Partners CEO Mark Penn's 2021 pay jumps 570% to $12M
MDC Partners reports 2021 executive compensation
By ExecPay News
Published: May 2, 2022
MDC Partners reported fiscal year 2021 executive compensation information on May 2, 2022.
In 2021, four executives at MDC Partners received on average a compensation package of $5.7M, a 284% increase compared to previous year.
Average pay of disclosed executives at MDC Partners
Mark Penn, Chief Executive Officer, received $12M in total, which increased by 570% compared to 2020. 30% of Penn's compensation, or $3.6M, was in stock awards. Penn also received $2.3M in bonus, $3.5M in option awards, $833K in salary, as well as $1.9M in other compensation.
David Ross, General Counsel, received a compensation package of $6.4M, which increased by 297% compared to previous year. 92% of the compensation package, or $5.9M, was in other compensation.
Frank Lanuto, Chief Financial Officer, earned $2.8M in 2021, a 178% increase compared to previous year.
Jay Leveton, President, received $1.4M in 2021.
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Source: SEC filing on May 2, 2022.