Jacksonville-based CEOs made less money over the past year Jax Daily Record | Jacksonville Daily Record
You probably won’t see them get sympathy, but CEOs of Jacksonville-based companies made less money last year.
The average 2020 fiscal year compensation package for these local CEOs fell 4% over the past year, according to public records.
The packages include salaries, cash payouts, and the estimated value of the stock and option awards the executive received during the fiscal year.
The Jacksonville data counteracts the national trend among large corporations.
The Wall Street Journal reported last month that the average CEO compensation at 322 S&P 500 companies rose 15%.
Many executives took salary cuts as the COVID-19 pandemic hit business, but their overall packages were still rising as the ongoing bull market increased the value of their stock bonuses.
The biggest wage increase among Jacksonville executives, however, was not due to stock gains.
Dream Finders Homes Inc.’s founder and CEO Patrick Zalupski received a $ 4 million cash bonus prior to the company’s IPO in January last year.
Gary Norcross, CEO of Fidelity National Information Services Inc., saw the biggest drop in 2020. His compensation package sank nearly $ 10 million as stock awards decreased and he did not receive a cash incentive payment.
However, Norcross still received $ 17.9 million from the company commonly known as FIS.
Last week, the FIS raised its profit guidance for 2021, but a month earlier it sent a letter to staff stating it was “not immune to the financial impact of the pandemic on companies worldwide”.
As a result, it is said that salary increases “will be limited to very targeted adjustments”.
When asked about the salary packages, an FIS spokesperson replied via email that the company had taken steps to help employees, such as: B. to raise the minimum wage and not to undertake extensive downsizing.
The FIS, which is building a new headquarters in Jacksonville, has increased local employment by about 200 since the pandemic began, he said.
“We are pleased with our first quarter results and our start to the year, and we continue to focus on increasing the financial performance needed to return to a more normal compensation year in 2022,” he said.