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.
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