WEX CEO Melissa Smith's 2021 pay falls 52% to $9.6M
WEX reports 2021 executive compensation
By ExecPay News
Published: April 19, 2022
WEX reported fiscal year 2021 executive compensation information on April 19, 2022.
In 2021, five WEX executives received on average a compensation package of $4.6M, a 51% decrease compared to previous year.
Average pay of disclosed executives at WEX
Melissa D. Smith, Chief Executive Officer, received $9.6M in total, which decreased by 52% compared to 2020. 51% of Smith's compensation, or $4.9M, was in stock awards. Smith also received $35K of change in pension value and nonqualified deferred compensation earnings, $2.2M in non-equity incentive plan, $1.6M in option awards, $792K in salary, as well as $159K in other compensation.
For fiscal year 2021, the median employee pay was $75,734 at WEX. Therefore, the ratio of Melissa D. Smith's pay to the median employee pay was 127 to one.
Roberto Simon, Chief Financial Officer, received a compensation package of $4.7M, which decreased by 36% compared to previous year. 51% of the compensation package, or $2.4M, was in stock awards.
Scott Phillips, President, Global Fleet, earned $3.9M in 2021, a 38% decrease compared to previous year.
Robert Deshaies, President, Health, received $2.7M in 2021, which decreases by 40% compared to 2020.
David Cooper, Chief Technology Officer, earned $2.3M in 2021.
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Source: SEC filing on April 19, 2022.