Michael G. Vale
2021
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $30,088 |
|---|---|
| Non-Equity Incentive Plan | $690,948 |
| Option Awards | $1,352,901 |
| Salary | $771,840 |
| Stock Awards | $1,352,712 |
| Other | $76,363 |
| Total | $4,274,852 |
Vale received $1.4M in option awards, accounting for 32% of the total pay in 2021.
Vale also received $30.1K of change in pension value and nonqualified deferred compensation earnings, $690.9K in non-equity incentive plan, $771.8K in salary, $1.4M in stock awards and $76.4K in other compensation.
Rankings
In 2021, Michael G. Vale's compensation ranked 3,110th out of 12,415 executives tracked by ExecPay. In other words, Vale earned more than 74.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 3,110 out of 12,415 | 75th |
Division Manufacturing | 1,249 out of 5,505 | 77th |
Major group Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks | 145 out of 801 | 82nd |
Industry group Surgical, Medical, And Dental Instruments And Supplies | 93 out of 522 | 82nd |
Industry Surgical and Medical Instruments and Apparatus | 63 out of 327 | 81st |
Pay ratio
| Michael G. Vale's Pay | $4,274,852 |
|---|---|
| Median Employee's Pay | $71,821 |
| Pay Ratio | 60to 1 |
In 2021, the annual total compensation of Michael G. Vale was $4,274,852.
The annual total compensation of the median employee at 3M Company was $71,821.
The ratio of Michael G. Vale's pay to the pay of median employee was therefore 60 to one.
Vale's colleagues
We found four more compensation records of executives who worked with Michael G. Vale at 3M Company in 2021.