LINCOLN – George T. Papanier, president and CEO of Twin River Worldwide Holdings Inc., was paid $2.3 million in 2018, compared with $2.8 million in 2017 and $3.1 million in 2016, according to a proxy statement filed by the company Monday.
Papanier was paid $737,394 in salary in 2018, earned $669,171 in bonus, $909,149 in stock awards, and $13,644 in 401(k) contributions and life insurance premiums paid.
The company also reported that it had paid former Executive Vice President of Corporate Development, Chief Financial Officer and Treasurer Glenn. A. Carlin $988,218 in 2018. Calin departed from his role at the end of 2018 and shifted into a consulting role. He earned $547,144 in salary, $135,000 in bonuses, $272,843 in stock awards, and $33,231 for 401(k) contributions and life insurance premiums paid as well as expenses related to his use of the company’s corporate apartment in Rhode Island.
Twin River’s Executive Chairman John E. Taylor Jr. earned a salary of $750,000 for the year.
The company did not disclose the CEO to median employee pay ratio, as it qualified as an “emerging growth company ” under the Jumpstart Our Business Startups Act, Twin River said.
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.
