Ford Motor CEO James Hackett's 2018 pay rises 6% to $18M
Ford Motor reports 2018 executive compensation
By ExecPay News
Published: March 29, 2019
Ford Motor reported fiscal year 2018 executive compensation information on March 29, 2019.
In 2018, five Ford Motor executives received on average a compensation package of $10M, a 30% decrease compared to previous year.
Average pay of disclosed executives at Ford Motor
James P. Hackett, Chief Executive Officer, received $18M in total, which increased by 6% compared to 2017. 72% of Hackett's compensation, or $13M, was in stock awards. Hackett also received $2.6M in non-equity incentive plan, $1.8M in salary, as well as $618K in other compensation.
For fiscal year 2018, the median employee pay was $64,316 at Ford Motor. Therefore, the ratio of James P. Hackett's pay to the median employee pay was 276 to one.
William Clay Ford, Jr, Chairman, received a compensation package of $14M, which decreased by 11% compared to previous year. 73% of the compensation package, or $10M, was in stock awards.
Robert L. Shanks, Chief Financial Officer, earned $8.4M in 2018, a 25% increase compared to previous year.
James D. Farley, Jr, President — Global Markets, received $5.9M in 2018, which decreases by 57% compared to 2017.
Joseph R. Hinrichs, President — Global Operations, earned $5.8M in 2018, a 52% decrease compared to previous year.
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Source: SEC filing on March 29, 2019.