Hans Vestberg, chairman and CEO of telecom giant Verizon, saw his 2020 overall compensation rise to $19.09 million, up from $18.09 million in 2019.
In a Monday SEC filing, Verizon revealed Vestberg's base salary was $1.5 million for the last two years, but he received $13.3 million in stock awards last year, compared to $12 million in 2019.
That was offset by Vestberg's non-equity incentive plan compensation falling to $3.63 million in 2020 against a year-earlier $4.12 million.
Vestberg's 2020 pay package was earned amid coronavirus pandemic fallout in the wider economy and as the telecom giant continued to lose pay TV subscribers while signing up new broadband customers.
Read more on hollywoodreporter.com
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