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Incentive Pay Hikes Mucci’s Compensation

A 55.2-percent rise in non-equity incentive compensation boosted the total pay for Paychex CEO Martin Mucci by 17.7 percent for the year ended May 31. Mucci received $7.9 million for the most recently ended year, compared to $6.7 million for fiscal 2018.

The biggest portion of his compensation was $3.7 million in stock awards, which was 11.3-percent higher than the $3.3 million for the prior year. Mucci’s NEIC of $1.7 million for fiscal 2019, compared to $1.1 million in 2016.

CFO Efrain Rivera was the only one of the company’s named executives who saw a drop in pay. Rivera’s compensation of $2.4 million was down 25.7-percent lower than $3.2 million the 2018. The declined stemmed from 55.4-percent drop in stock awards, which fell to $2.4 million from $3.2 million. However, he saw increases in two other compensation categories. His NEIC of $655,650 last year 48.3-higher than the $441,900. In 2018. His option awards were $372,661, and increase of 6 percent from $351,219.

Mark Bottini, SVP of sales, had slightly less than $2 million in 2019 income, a rise of 17 percent from $1.7 million the prior year. John Gibson SVP of service, also received slightly less than $2 million last year, up 12.6 percent from $1.8 million.

Michael Gioja, SVP of information technology and product development, had compensation of slightly more than $2 million, up 17.6 percent from $1.8 million.

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