Vector Group CEO Howard Lorber's 2018 pay falls 21% to $8.4M
Vector Group reports 2018 executive compensation
By ExecPay News
Published: March 18, 2019
Vector Group reported fiscal year 2018 executive compensation information on March 18, 2019.
In 2018, five executives at Vector Group received on average a compensation package of $2.9M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Vector Group
Howard M. Lorber, Chief Executive Officer, received $8.4M in total, which decreased by 21% compared to 2017. 40% of Lorber's compensation, or $3.4M, was in non-equity incentive plan. Lorber also received $23K of change in pension value and nonqualified deferred compensation earnings, $1.2M in option awards, $3.2M in salary, as well as $604K in other compensation.
For fiscal year 2018, the median employee pay was $67,667 at Vector Group. Therefore, the ratio of Howard M. Lorber's pay to the median employee pay was 125 to one.
Ronald J. Bernstein, Chief Executive Officer, received a compensation package of $2.2M, which decreased by 5% compared to previous year. 46% of the compensation package, or $1M, was in non-equity incentive plan.
Richard J. Lampen, Executive Vice President, earned $1.7M in 2018, a 16% decrease compared to previous year.
Marc N. Bell, General Counsel, received $1.4M in 2018, which increases by 17% compared to 2017.
J. Bryant Kirkland III, Chief Financial Officer, earned $1M in 2018, a 14% decrease compared to previous year.
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Source: SEC filing on March 18, 2019.