People: Legg Mason Inc (LM.N)
17 May 2019
Mr. Peter H. Nachtwey is the Chief Financial Officer and Senior Executive Vice President of the Company., since January 2011. Mr. Nachtwey’s fiscal year 2018 compensation (salary plus incentive award) is up 12% from his fiscal year 2017 compensation. The Committee determined that this result was appropriate in light of Legg Mason’s financial performance and a comparison of Mr. Nachtwey’s compensation to that of comparable executives at publicly traded competitor companies, as well as Mr. Nachtwey’s excellent personal performance during the fiscal year. Mr. Nachtwey’s personal performance in the fiscal year included the following achievements: structured and negotiated total return swap arrangements with nine banks to fund ETF product development; successfully managed investor relations and relationships with rating agencies; led an updated capital review process for the Board and its Finance Committee.
|Total Annual Compensation, USD||1,975,000|
|Restricted Stock Award, USD||953,000|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||537,186|
|Fiscal Year Total, USD||3,465,190|