The Post-Gazette Fortunate 50 was determined by reviewing the most recent proxy statements filed with the Securities and Exchange Commission by 39 publicly held companies that have their headquarters in the region. The compensation of more than 100 executives was analyzed.
Compensation is based on data provided for each company’s top-paid executives during the most recently completed fiscal year.
It includes salaries, bonuses, the estimated value of stock and option awards, long-term incentive plan payments, pension and deferred compensation benefits, and other compensation — retirement and insurance benefits, personal use of the corporate jet, relocation payments, automobile leases, club dues, financial counseling, and other perquisites.
Compensation does not include the value of restricted stock awarded in prior years that vested in the most recent fiscal year. Nor does it include income realized in the most recent year from the exercise of stock options awarded in prior years. Stock performance data are provided by Bloomberg and reflect dividend payments. One-, three- and five-year returns are based on each company’s fiscal year.
Separate charts detailing the region’s highest-paid female executives and executives who were the biggest recipients of perquisites, pension benefits and other forms of compensation include executives whose compensation was less than the $2.8 million that it took to qualify for this year’s Fortunate 50 ranking.
An interactive chart detailing pay for 92 executives who received compensation valued at $1.5 million or more can be found at www.post-gazette.com.