Verizon Communications CEO Hans Vestberg's 2020 pay rises 6% to $19M
Verizon Communications reports 2020 executive compensation
By ExecPay News
Published: March 29, 2021
Verizon Communications reported fiscal year 2020 executive compensation information on March 29, 2021.
In 2020, five executives at Verizon Communications received on average a compensation package of $11M, a 4% increase compared to previous year.
Average pay of disclosed executives at Verizon Communications
Hans Vestberg, Chief Executive Officer, received $19M in total, which increased by 6% compared to 2019. 70% of Vestberg's compensation, or $13M, was in stock awards. Vestberg also received $3.6M in non-equity incentive plan, $1.5M in salary, as well as $660K in other compensation.
For fiscal year 2020, the median employee pay was $170,288 at Verizon Communications. Therefore, the ratio of Hans Vestberg's pay to the median employee pay was 112 to one.
Ronan Dunne, Chief Executive Officer, received a compensation package of $9.2M, which increased by 3% compared to previous year. 73% of the compensation package, or $6.8M, was in stock awards.
Matthew D. Ellis, Chief Financial Officer, earned $8.8M in 2020, a 4% increase compared to previous year.
Tami A. Erwin, Chief Executive Officer, received $8.3M in 2020, which increases by 7% compared to 2019.
K. Guru Gowrappan, Chief Executive Officer, earned $7.8M in 2020, a 1% decrease compared to previous year.
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Source: SEC filing on March 29, 2021.