American Axle & Manufacturing Holdings CEO David Dauch's 2021 pay jumps 26% to $11M

American Axle & Manufacturing Holdings reports 2021 executive compensation

By ExecPay News

Published: March 23, 2022

American Axle & Manufacturing Holdings reported fiscal year 2021 executive compensation information on March 23, 2022.

In 2021, five executives at American Axle & Manufacturing Holdings received on average a compensation package of $5.1M, a 11% increase compared to previous year.

Average pay of disclosed executives at American Axle & Manufacturing Holdings

David C. Dauch, Chief Executive Officer, received $11M in total, which increased by 26% compared to 2020. 44% of Dauch's compensation, or $4.9M, was in stock awards. Dauch also received $4.2M in non-equity incentive plan, $1.2M in salary, as well as $909K in other compensation.

For fiscal year 2021, the median employee pay was $38,032 at American Axle & Manufacturing Holdings. Therefore, the ratio of David C. Dauch's pay to the median employee pay was 294 to one.

Michael K. Simonte, President, received a compensation package of $5.2M, which increased by 24% compared to previous year. 39% of the compensation package, or $2M, was in stock awards.

Norman Willemse, President Metal Forming, earned $3.3M in 2021, a 33% increase compared to previous year.

Christopher J. May, Chief Financial Officer, received $3.3M in 2021, which increases by 18% compared to 2020.

Michael J. Lynch, President Driveline, earned $2.4M in 2021.