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GIANONI PAY ROSE DOUBLE DIGITS Featured

Blackbaud CEO Mike Gianoni received $11.1 million in compensation for 2019, an increase of $9.3 million from the prior year. The pay amount was disclosed as part of Blackbaud’s proxy statement recently filed with the SEC.

Most of increase came in Gianoni’s $9.5 million in stock awards, a 19.8-percent increase in stock awards over the $7.9 million in that category for 2018. I suppose that value of those securities as a bit lower than when they were award. The company recently said Gianoni, whose salary was $737,251 last year, was not taking pay during the COVID-19 crisis. I don’t know if that applies to the calculations of equity awards or incentive pay. Most other named executives had double-digit compensation increases in 2019. CFO Tony Boor had $4.4 million in pay last year, up 19 percent from $3.7 million for 2018. EVP Kevin Gregoire, who heads the enterprise markets group was given $3.1 million, rising 8.2 percent from $2.9 million. Gregoire began his job on April 9, 2018. EVP Kevin Mooney, who leads the general markets group, had $3.2 million in pay, an increase of 18 percent from $2.7 million. General council Jon Olan received a $3.2 million, a 57.2-percent rise from slightly more than $2 million.

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