The value of Mucci's stock awards for the most recently ended year were $2.6 million, down from $2.7 million while options awards valued at $1.10 million fell from $1.17 million the prior year. His non-equity incentive compensation rose to $1.27 million for fiscal 2015, up from $1.23 million in 2014.
CFO Efrain Rivera received $1.75 million in compensation last year, an increase of .5 percent from $1.74 million in 2014. Sales VP Mark Bottini earned $1.74 million in 2015, an increase of 1.4 percent from $1.71 million the prior year. Michael E. Gioja, SVP of Information Technology, Product Management and Development saw his pay drop by 1.8 percent to $1.65 million from $1.6 million.
The pay of service SVP John Gibson fluctuated the most. Gibson joined Paychex in May 2103 and fiscal 2014 was the first year he was a named executive. In fiscal 2014, he received a one-time bonus of $50,000 and $142,985 in relocation expenses and option awards. As a result, his pay in 2014 was $2.4 million, but fell to $1.6 million for 2015. The big change was in option awards, valued at $250,574 for the most recent year, down from $ 843,659 for the awards made in 2014.Last modified on Tuesday, 15 September 2015