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Martin Mucci, PaychexDeclines in option and stock awards held down executive compensation at Paychex for the year ended May 31. The totals at the payroll provider rose slightly for two of the executives while those for two others fell by single digits with CEO Martin Mucci seeing his compensation to $5.9 million, a decline of 1.6 percent from slightly more than $6 million for fiscal 2014.

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
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