Garrett Motion CEO Olivier Rabiller's 2021 pay jumps 138% to $11M
Garrett Motion reports 2021 executive compensation
By ExecPay News
Published: April 15, 2022
Garrett Motion reported fiscal year 2021 executive compensation information on April 15, 2022.
In 2021, five executives at Garrett Motion received on average a compensation package of $4.7M, a 116% increase compared to previous year.
Average pay of disclosed executives at Garrett Motion
Olivier Rabiller, Chief Executive Officer, received $11M in total, which increased by 138% compared to 2020. 69% of Rabiller's compensation, or $7.6M, was in stock awards. Rabiller also received $165K of change in pension value and nonqualified deferred compensation earnings, $2.2M in non-equity incentive plan, $985K in salary, as well as $23K in other compensation.
For fiscal year 2021, the median employee pay was $35,299 at Garrett Motion. Therefore, the ratio of Olivier Rabiller's pay to the median employee pay was 311 to one.
Sean Deason, Chief Financial Officer, received a compensation package of $4.2M, which increased by 126% compared to previous year. 59% of the compensation package, or $2.5M, was in stock awards.
Jérôme Maironi, General Counsel, earned $3M in 2021, a 91% increase compared to previous year.
Craig Balis, Chief Technology Officer, received $2.7M in 2021, which increases by 91% compared to 2020.
Thierry Mabru, Senior Vice President, Integrated Supply Chain, earned $2.4M in 2021, a 79% increase compared to previous year.
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Source: SEC filing on April 15, 2022.