Keeping Up With Cognizant’s Highest Paid Executives
Cognizant’s CEO reported nearly $14 million in total compensation in the last fiscal year at the same time that the Teaneck, N.J.-based global solution provider saw its revenue decline as it was forced to slash its workforce.
That was down from his total pay the previous year’s total pay of $15.9 million the previous year, according to a regulatory filing Wednesday.
Cognizant reported that four of its top-compensated current executives, including CEO Brian Humphries, reported millions in stock awards during the year that helped boost their total pay.
Two of the six Cognizant executives on the best-paid list in fiscal year 2020 are no longer with the company.
The company is coming off a tough fiscal year 2020. For the year, which ended Dec. 31, Cognizant reported that its annual revenue dropped 0.8 percent to $16.7 billion. The company also said it was cutting jobs early last year as the COVID-19 pandemic started to ravage the globe.
Cognizant’s stock has soared around 50 percent over the past 12 months since the early days of the pandemic, buoyed by investor confidence in the technology sector.
Here’s a breakdown of the fiscal 2021 compensation of Cognizant’s top five execs as reported in Cognizant’s 2021 proxy statement as filed with the U.S. Securities and Exchange Commission.