Former Hawaiian Airlines CEO Mark Dunkerley received a pay package worth $3.8 million in his final full year at the helm of the state’s largest carrier.
Dunkerley, 54, who resigned March 1, saw his
total compensation rise
3.1 percent from $3.7 million in 2016, according to the company’s regulatory filing filed Friday with the Securities and Exchange Commission.
Peter Ingram, 51, the former chief commercial officer who took over for Dunkerley on March 1, was the company’s second-highest-paid executive after his compensation nearly doubled to just under $3 million from $1.5 million.
Dunkerley’s compensation ranked him fifth among highest-paid CEOs at publicly traded Hawaii companies in 2017. He trailed Hawaiian Electric Industries’ Connie Lau
($5.9 million), First Hawaiian Bank’s Bob Harrison ($5.8 million), Bank of Hawaii’s Peter Ho ($4.7 million) and Matson’s Matt Cox ($4.4 million). Alexander &Baldwin CEO Chris Benjamin was ranked sixth and was just under $3 million at $2.93 million.
Dunkerley’s base salary rose in 2017 to $745,833 from $721,686, stock awards decreased to
$1.96 million from $2 million, nonequity incentive plan compensation (annual cash payment tied to meeting certain corporate goals) increased to $1.1 million from $957,181 and all other compensation rose to $53,900 from $46,716.
Among other executives, Chief Financial Officer Shannon Okinaka, 43, saw her 2017 compensation rise 2.3 percent to $1.35 million from $1.32 million, and Chief Legal Officer Aaron Alter, 60, had his pay package edge up 0.7 percent to $1.3 million from $1.29 million. Chief Operating Officer Jonathan Snook, 51, received total compensation of $2.4 million last year, but he was not among the five highest-paid company executives in 2016 and his compensation for that year is not listed.
The SEC requires companies to list the compensation of their CEO, chief financial officer and the other three most highly compensated employees serving as executive officers at year-end. Companies typically release the information in March or April ahead of their annual shareholder meetings.
