Hawaiian Airlines President and CEO Mark Dunkerley’s total compensation rose 27 percent to $3.1 million last year to make him the fourth-highest-paid executive of any publicly traded Hawaii-based company. He received $2.44 million in 2013.
Dunkerley, 51, received a base salary of $655,625, up 4.9 percent from $625,000 in 2013, the company said in a filing Friday with the U.S. Securities and Exchange Commission.
He also received $1.4 million in stock awards, $984,725 in nonequity incentive plan compensation and $45,057 in all other compensation, which included a $1,000 monthly automobile allowance.
Zac Hirzel, 37, who was named to the board of directors in February 2014 after becoming the company’s top shareholder, owns 8.3 percent of parent company Hawaiian Holdings Inc.’s stock, according to the filing. Hirzel is the president and managing member of Dallas-based Hirzel Capital Management, a private investment firm that he founded in June 2008.
Scott Topping, the former chief financial officer for Hawaiian who resigned from the company in January for undisclosed reasons, received a pay package worth $953,002, up 21.4 percent from $784,848 in 2013. He was the fifth-highest-paid executive at Hawaiian, according to the filing. Topping’s base pay last year was $338,750, up 2.7 percent from $330,000.
Topping’s severance package as of Dec. 31 was $630,063 for termination of employment "without cause" or if he resigned for "good reason," according to the filing. He would be entitled to $1.8 million if it was related to a disability.
Shannon Okinaka was promoted to interim CFO in mid-January following Topping’s departure.
Chief Commercial Officer Peter Ingram, 48, was the second-highest-paid executive at Hawaiian in 2014 with a total package of $1.4 million.
The top three highest-paid CEOs in Hawaii in 2014 were Bank of Hawaii’s Peter Ho ($7.9 million), Hawaiian Electric Industries’ Connie Lau ($5.6 million) and Matson’s Matthew Cox ($4.1 million).