Waddell & Reed Financial reports 2018 executive compensation

CEO Philip J. Sanders receives $4.5M

Waddell & Reed Financial reported fiscal year 2018 executive compensation information on March 6, 2019.

In 2018, seven executives at Waddell & Reed Financial received on average a compensation package of $2,255,419, a 18% decrease compared to previous year.

Average pay of disclosed executives at Waddell & Reed Financial

Philip J. Sanders, Chief Executive Officer, received $4,468,488 in total, which decreased by 7% compared to 2017. 66.58% of Sanders' compensation, or $2,975,010, was in stock awards. Sanders also received $750,000 in non-equity incentive plan, $725,000 in salary, as well as $18,478 in other compensation.

Brent. K. Bloss, Chief Operating Officer, received a compensation package of $2,593,941, which decreased by 6% compared to previous year. 57.83% of the compensation package, or $1,500,007, was in stock awards.

Wendy J. Hills, Chief Legal Officer, earned $2,490,457 in 2018, a 9% increase compared to previous year.

Shawn M. Mihal, SVP - Broker-Dealer, received $1,910,378 in 2018.

Amy J. Scupham, SVP - Distribution, earned $1,534,030 in 2018.

Benjamin R. Clouse, Chief Financial Officer, received $1,437,063 in 2018.

Mark P. Buyle, Chief Legal Officer, earned $1,353,574 in 2018.