World Fuel Services CEO Michael Kasbar's 2021 pay falls 21% to $5.1M
World Fuel Services reports 2021 executive compensation
By ExecPay News
Published: April 7, 2022
World Fuel Services reported fiscal year 2021 executive compensation information on April 7, 2022.
In 2021, five executives at World Fuel Services received on average a compensation package of $2.5M, a 18% decrease compared to previous year.
Average pay of disclosed executives at World Fuel Services
Michael J. Kasbar, Chief Executive Officer, received $5.1M in total, which decreased by 21% compared to 2020. 60% of Kasbar's compensation, or $3.1M, was in stock awards. Kasbar also received $2.7K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $900K in salary, as well as $40K in other compensation.
For fiscal year 2021, the median employee pay was $68,408 at World Fuel Services. Therefore, the ratio of Michael J. Kasbar's pay to the median employee pay was 75 to one.
Ira M. Birns, Chief Financial Officer, received a compensation package of $2.3M, which decreased by 13% compared to previous year. 46% of the compensation package, or $1M, was in stock awards.
John P. Rau, Executive Vice President, Global Aviation, Land and Marine, earned $1.7M in 2021, a 11% decrease compared to previous year.
Jeffrey P. Smith, Chief Operating Officer, received $1.7M in 2021, which decreases by 22% compared to 2020.
Michael J. Crosby, Former Executive Vice President, Global Land, earned $1.4M in 2021, a 17% decrease compared to previous year.
Related executives
Michael Kasbar
World Fuel Services
Chief Executive Officer
Ira Birns
World Fuel Services
Chief Financial Officer
Jeffrey Smith
World Fuel Services
Chief Operating Officer
Michael Crosby
World Fuel Services
Former Executive Vice President, Global Land
John Rau
World Fuel Services
Executive Vice President, Global Aviation, Land and Marine
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Source: SEC filing on April 7, 2022.