Lincoln National CEO Pay Package Up To $6.8M Last Year
April 16, 2013 by Matthew Sturdevant
| By Matthew Sturdevant, The Hartford Courant |
April 15–Lincoln National Corp. CEO Dennis R. Glass had a pay package last year that was up 11 percent from 2011, according to documents filed Friday with the U.S. Securities and Exchange Commission.
Glass was compensated $6.8 million, not including stock-and-option awards worth $6.3 million which will provide value in the future and depend on the company’s performance.
The chief executive’s pay package includes a $1.08 million salary, $3.1 million in non-equity incentive pay, $2 million in value realized on stock vested and $671,779 in “other compensation.” Separately, the value of his pension increased by $173,443 last year.
In 2011, Glass was compensated $6.15 million.
Chief Financial Officer Randal J. Freitag was compensated $1.7 million, not including $1.34 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.
General Counsel Adam G. Ciongoli was compensated $2.6 million, not including $2.4 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.
The vice chairman of Lincoln Financial Network, Robert W. Dineen, had a pay package of $3.56 million, not including $1 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.
The president of Insurance Solutions and Annuities, Mark E. Konen, was compensated $3.89 million, not including $1.57 million in stock-and-option awards that will provide value in the future and depend on the company’s performance.
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