Equilar’s review of 2021 proxy statements for the 500 largest listed companies revealed these statistics and trends relative to disclosable aircraft, automotive and professional services perks for 2020:
Aircraft (personal use of private aircrafts, including, e.g., fuel expenses)
- Prevalence: 51% of CEOs and 15% of all other NEOs
- Value: $86,000 for CEOs and $27,980 for all other NEOs
Automotive (ground transportation, including company-provided cars, chauffeurs, and auto insurance)
- Prevalence: 25.4% of CEOs and 23.4% of all other NEOs
- Value: ~$20,000 for CEOs and $15,000 for all other NEOs
Professional Services (e.g., tax prep/planning services, financial counseling/planning, legal services, estate planning, administrative/secretarial services, and security personnel)
- Prevalence: 29.4% of CEOs and 31% of all other NEOs
- Value: $14,221 for CEOs and $11,440 for all other NEOs
The median value of perks in 2020 for CEOs and other NEOs generally declined compared to 2018 and 2019.
See our prior reports: “Perk Disclosure Reminder,” “New C&DIs: Perks & Form S-3 Eligibility,” "Exec & Director Comp: Perk Identification & Disclosure," and "Perk Identification & Disclosure"; and additional resources on our Executive Pay and Annual Meeting/Proxy Statement pages.
This post first appeared in the weekly Society Alert!