David B. Speer
2012
In 2012, David B. Speer earned a total compensation of $18.7M as Past Chairman and Chief Executive Officer at Illinois Tool Works, a 49% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,651,374 |
|---|---|
| Non-Equity Incentive Plan | $3,022,872 |
| Option Awards | $10,100,733 |
| Salary | $1,202,000 |
| Stock Awards | $2,490,616 |
| Other | $210,834 |
| Total | $18,678,429 |
Speer received $10.1M in option awards, accounting for 54% of the total pay in 2012.
Speer also received $1.7M of change in pension value and nonqualified deferred compensation earnings, $3M in non-equity incentive plan, $1.2M in salary, $2.5M in stock awards and $210.8K in other compensation.
Rankings
In 2012, David B. Speer's compensation ranked 113th out of 11,487 executives tracked by ExecPay. In other words, Speer earned more than 99.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 113 out of 11,487 | 99th |
Division Manufacturing | 40 out of 4,253 | 99th |
Major group Industrial And Commercial Machinery And Computer Equipment | 11 out of 416 | 97th |
Industry group General Industrial Machinery And Equipment | 1 out of 82 | 99th |
Source: SEC filing on March 22, 2013.
Speer's colleagues
We found five more compensation records of executives who worked with David B. Speer at Illinois Tool Works in 2012.