Issue link: https://nebusinessmedia.uberflip.com/i/1115236
14 Hartford Business Journal • May 13, 2019 • www.HartfordBusiness.com Source: Each company's proxy statement. Note: Compensation for William R. Berkley Sr. and William R. Berkley Jr., executive chairman and CEO respectively of Greenwich's W.R. Berkley Corp., were unavailable by press time. Compensation for Stephen F. Angel, CEO of Danbury's Praxair Inc. (now part of U.K.-based Linde Group), was unavailable by press time. NA = Not applicable. (a) New disclosure requirement for CEO pay ratio, effective in 2018, is a component of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; see company filings for details on how pay ratio and median compensation were calculated. (b) Includes one-time compensation as a cash sign-on bonus payment of $1,500,000 and an initial equity award of restricted stock, with a grant date fair value equal to $10,000,025. (c) Data from the preliminary proxy statement dated April 18, 2019. (d) Formerly known as Northeast Utilities. (e) Dual headquarters in Boston, Mass. (f) Ms. Tans' compensation converted into U.S. Dollars using an average exchange rate of 1.14500 U.S. Dollars to 1 Euro for 2018 and 1.13035 U.S. Dollars to 1 Euro for 2017. (g) Assumed role on March 1, 2018. (h) Represents period between Nov. 26, 2018 (the closing date of the Rock- well Collins acquisition) and Dec. 31, 2018. —Compiled by Stephanie R. Meagher. THE LIST Highest-paid executives in Connecticut Ranked by total 2018 compensation Highest-paid executives in Connecticut (Ranked by total 2018 compensation) Rank Executive Total compensation 2018/ 2017 (a) Percent change 2017-2018 2018 Salary 2018 Stock awards 2018 Option awards 2018 Bonus 2018 Non-equity incentive plan compensation 2018 Change in pension value and nonqualified deferred compensation 2018 All other compensation 1 Giovanni Visentin (b) CEO Xerox Corp. (c) Norwalk $23,459,003 NA Median employee $43,108 Pay ratio 544:1 NA $756,522 $17,500,045 $1,572,794 $1,500,000 $1,800,000 $0 $329,642 2 Glenn D. Fogel President & CEO Booking Holdings Inc. Norwalk $20,459,184 $27,774,458 Median employee $50,937 Pay ratio 402:1 -26.3% $750,000 $14,000,610 $0 $0 $5,700,000 $0 $8,574 3 David M. Cordani President & CEO Cigna Corp. Bloomfield $18,944,045 $17,595,792 Median employee $63,526 Pay ratio 298:1 7.7% $1,476,923 $6,690,036 $6,000,022 $0 $4,500,000 $0 $277,064 4 Gregory J. Hayes Chairman & CEO United Technologies Corp. Farmington $18,418,315 $17,027,493 Median employee $71,799 Pay ratio 257:1 8.2% $1,575,000 $8,878,810 $3,165,260 $3,500,000 $0 $829,344 $469,901 5 Ludwig N. Hantson CEO Alexion Pharmaceuticals Inc. New Haven $16,490,250 $15,310,067 Median employee $223,882 Pay ratio 74:1 7.7% $1,200,000 $12,385,168 $0 $0 $2,880,000 $0 $25,082 6 William C. Stone CEO SS&C Technologies Holdings Inc. Windsor $15,862,121 $8,860,319 Median employee $91,791 Pay ratio 173:1 79.0% $875,000 $0 $4,981,537 $0 $10,000,000 $0 $5,584 7 James J. Judge President & CEO Eversource Energy (d) Hartford (e) $14,925,381 $15,915,461 Median employee $129,401 Pay ratio 115:1 -6.2% $1,277,078 $5,632,217 $0 $0 $2,430,000 $5,560,877 $25,209 8 Gillian Tans (f) President & CEO, Booking.com Booking Holdings Inc. Norwalk $14,471,304 $13,653,387 6.0% $629,750 $8,999,521 $0 $0 $4,840,488 $0 $1,545 9 David I. Goulden (g) EVP & CFO Booking Holdings Inc. Norwalk $14,314,980 NA NA $500,000 $10,801,458 $0 $500,000 $2,500,000 $0 $13,522 10 Christopher J. Swift Chairman & CEO The Hartford Financial Services Group Inc. Hartford $13,883,615 $13,115,285 Median employee $104,925 Pay ratio 132:1 5.9% $1,137,500 $3,736,000 $4,000,000 $0 $4,800,000 $0 $210,115 11 Michael Kneeland President & CEO United Rentals Stamford $13,598,202 $12,828,962 Median employee $75,537 Pay ratio 180:1 6.0% $987,549 $10,443,980 $0 $0 $2,153,268 $0 $13,405 12 James M. Loree President & CEO Stanley Black & Decker Inc. New Britain $13,563,404 $16,211,415 Median employee $47,861 Pay ratio 284:1 -16.3% $1,250,000 $6,009,512 $1,990,500 $0 $1,785,000 $2,044,304 $484,088 13 Bradley S. Jacobs Chairman & CEO XPO Logistics Greenwich $13,327,471 $1,384,021 Median employee $36,940 Pay ratio 361:1 863.0% $625,000 $12,690,463 $0 $0 $0 $0 $12,008 14 Margaret Keane President & CEO Synchrony Financial Stamford $12,449,138 $13,525,503 Median employee $41,933 Pay ratio 297:1 -8.0% $1,175,000 $6,800,052 $1,200,023 $0 $2,681,400 $0 $592,663 15 Eugene A. Hall CEO Gartner Inc. Stamford $11,502,517 $11,874,230 Median employee $107,147 Pay ratio 107:1 -3.1% $908,197 $6,537,043 $2,801,583 $0 $1,119,534 $0 $136,160 16 Kenneth R. Wagers III Former COO & interim president, LTL–North America XPO Logistics Greenwich $11,286,318 NA NA $363,462 $10,922,100 $0 $0 $0 $0 $756 17 Robert K. Ortberg (h) CEO, Collins Aerospace United Technologies Corp. Farmington $10,305,050 NA NA $112,240 $9,875,022 $0 $140,300 $0 $30,107 $147,381 18 Richard Adam Norwitt President & CEO Amphenol Wallingford $10,110,360 $8,165,544 Median employee $13,197 Pay ratio 766:1 23.8% $1,130,000 $0 $6,410,000 $0 $2,401,250 $0 $169,110 19 Anthony J. Guzzi President & CEO EMCOR Group Inc. Norwalk $10,053,185 $9,727,139 Median employee $52,896 Pay ratio 190:1 3.4% $1,125,000 $2,172,432 $0 $0 $6,592,500 NA $163,253 Source: Each company's proxy statement. Note: Compensation for William R. Berkley Sr. and William R. Berkley Jr., executive chairman and CEO respectively of Greenwich's W.R. Berkley Corp., were unavailable by press time. Compensation for Stephen F. Angel, CEO of Danbury's Praxair Inc. (now part of U.K.-based Linde Group), was unavailable by press time. NA = Not applicable. (a) New disclosure requirement for CEO pay ratio, effective in 2018, is a component of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act; see company filings for details on how pay ratio and median compensation were calculated. (b) Includes one-time compensation as a cash sign-on bonus payment of $1,500,000 and an initial equity award of restricted stock, with a grant date fair value equal to $10,000,025. (c) Data from the preliminary proxy statement dated April 18, 2019. (d) Formerly known as Northeast Utilities. (e) Dual headquarters in Boston, Mass. (f) Ms. Tans' compensation converted into U.S. Dollars using an average exchange rate of 1.14500 U.S. Dollars to 1 Euro for 2018 and 1.13035 U.S. Dollars to 1 Euro for 2017. (g) Assumed role on March 1, 2018. (h) Represents period between Nov. 26, 2018 (the closing date of the Rockwell Collins acquisition) and Dec. 31, 2018. —Compiled by Stephanie R. Meagher.