Boards Reset Executive Pay, Equity Grants During Market Rout

Many companies have cut executive compensation and made equity awards amid economic turmoil

The Treasury and Democrats say they are close on a new rescue deal for small businesses, debate over lockdowns ramps up as the U.S. coronavirus death toll tops 40,000, and what to expect from earnings this week. WSJ’s Jason Bellini has the latest on the pandemic. Photo: David Poller/Zuma Press

Amid volatile markets and economic contraction, companies have adjusted executive compensation, with salary cuts for top leaders often accompanied by new equity grants.

As companies furloughed or laid off workers and cut other costs, many chief executives have had their base salaries cut for 2020 by anywhere from 50% to 100%. In many cases, they also have received stock or option awards meant to motivate and reward long-term performance—in some instances, as stocks hit recent lows in March. Companies that made March equity...