David B. Speer
2008
In 2008, David B. Speer earned a total compensation of $12.7M as Chairman and Chief Executive Officer at Illinois Tool Works, a 28% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $3,240,740 |
|---|---|
| Non-Equity Incentive Plan | $1,586,200 |
| Option Awards | $6,659,700 |
| Salary | $1,099,616 |
| Other | $100,822 |
| Total | $12,687,078 |
Speer received $6.7M in option awards, accounting for 52% of the total pay in 2008.
Speer also received $3.2M of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $1.1M in salary and $100.8K in other compensation.
Rankings
In 2008, David B. Speer's compensation ranked 177th out of 9,135 executives tracked by ExecPay. In other words, Speer earned more than 98.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 177 out of 9,135 | 98th |
Division Manufacturing | 52 out of 3,436 | 99th |
Major group Industrial And Commercial Machinery And Computer Equipment | 6 out of 338 | 98th |
Industry group General Industrial Machinery And Equipment | 1 out of 62 | 98th |
Source: SEC filing on March 23, 2011.
Speer's colleagues
We found four more compensation records of executives who worked with David B. Speer at Illinois Tool Works in 2008.