Lee C. Banks
2021
In 2021, Lee C. Banks earned a total compensation of $8.2M as Vice Chairman and President at Parker-Hannifin, a 21% decrease compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,051,869 |
|---|---|
| Non-Equity Incentive Plan | $1,792,662 |
| Option Awards | $1,931,105 |
| Salary | $971,250 |
| Stock Awards | $2,213,292 |
| Other | $224,943 |
| Total | $8,185,121 |
Banks received $2.2M in stock awards, accounting for 27% of the total pay in 2021.
Banks also received $1.1M of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $1.9M in option awards, $971.3K in salary and $224.9K in other compensation.
Rankings
In 2021, Lee C. Banks' compensation ranked 1,406th out of 12,415 executives tracked by ExecPay. In other words, Banks earned more than 88.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,406 out of 12,415 | 89th |
Division Manufacturing | 506 out of 5,505 | 91st |
Major group Fabricated Metal Products, Except Machinery And Transportation Equipment | 9 out of 120 | 93rd |
Industry group Miscellaneous Fabricated Metal Products | 4 out of 26 | 85th |
Source: SEC filing on September 23, 2022.
Banks' colleagues
We found three more compensation records of executives who worked with Lee C. Banks at Parker-Hannifin in 2021.
News
Parker-Hannifin CEO Thomas Williams' 2022 pay rises 8% to $18M
September 23, 2022
Parker-Hannifin CEO Thomas Williams' 2020 pay rises 8% to $19M
September 28, 2020
Parker-Hannifin CEO Thomas Williams' 2019 pay slips 4% to $17M
September 23, 2019
Parker-Hannifin CEO Thomas Williams' 2018 pay rises 19% to $18M
September 24, 2018