Veritiv CEO Salvatore Abbate's 2021 pay jumps 44% to $5M
Veritiv reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
Veritiv reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, six Veritiv executives received on average a compensation package of $2.7M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Veritiv
Salvatore A. Abbate, Chief Executive Officer, received $5M in total, which increased by 44% compared to 2020. 45% of Abbate's compensation, or $2.2M, was in stock awards. Abbate also received $1.9M in non-equity incentive plan, $800K in salary, as well as $12K in other compensation.
For fiscal year 2021, the median employee pay was $63,114 at Veritiv. Therefore, the ratio of Salvatore A. Abbate's pay to the median employee pay was 79 to one.
Stephen J. Smith, Chief Financial Officer, received a compensation package of $2.8M, which increased by 7% compared to previous year. 42% of the compensation package, or $1.2M, was in stock awards.
Tracy L. Pearson, Former Senior Vice President, Supply Chain Operations, earned $2.4M in 2021, a 18% increase compared to previous year.
Daniel J. Watkoske, Senior Vice President, Print and Publishing, received $2.2M in 2021, which increases by 8% compared to 2020.
Mark W. Hianik, General Counsel, earned $1.9M in 2021, a 7% increase compared to previous year.
Karen K. Renner, Senior Vice President, Chief Information Officer, received $1.8M in 2021.
Related executives
Salvatore Abbate
Veritiv
Chief Executive Officer
Stephen Smith
Veritiv
Chief Financial Officer
Tracy Pearson
Veritiv
Former Senior Vice President, Supply Chain Operations
Daniel Watkoske
Veritiv
Senior Vice President, Print and Publishing
Mark Hianik
Veritiv
General Counsel
Karen Renner
Veritiv
Senior Vice President, Chief Information Officer
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Source: SEC filing on March 18, 2022.