Ametek CEO David Zapico's 2020 pay slips 16% to $8.5M
Ametek reports 2020 executive compensation
By ExecPay News
Published: March 15, 2021
Ametek reported fiscal year 2020 executive compensation information on March 15, 2021.
In 2020, five Ametek executives received on average a compensation package of $3.3M, a 16% decrease compared to previous year.
Average pay of disclosed executives at Ametek
David A. Zapico, Chief Executive Officer, received $8.5M in total, which decreased by 16% compared to 2019. 52% of Zapico's compensation, or $4.4M, was in stock awards. Zapico also received $660K in bonus, $339K of change in pension value and nonqualified deferred compensation earnings, $604K in non-equity incentive plan, $1.1M in option awards, $1.1M in salary, as well as $304K in other compensation.
For fiscal year 2020, the median employee pay was $65,265 at Ametek. Therefore, the ratio of David A. Zapico's pay to the median employee pay was 131 to one.
William J. Burke, Chief Financial Officer, received a compensation package of $2.9M, which decreased by 19% compared to previous year. 42% of the compensation package, or $1.2M, was in stock awards.
Timothy N. Jones, President Electromechanical Group, earned $2M in 2020, a 13% decrease compared to previous year.
John W. Hardin, President Electronic Instruments, received $1.7M in 2020, which decreases by 20% compared to 2019.
Thomas C. Marecic, President Electronic Instruments, earned $1.6M in 2020, a 13% decrease compared to previous year.
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Source: SEC filing on March 15, 2021.