Goodyear Tire & Rubber CEO Richard Kramer's 2021 pay jumps 34% to $21M
Goodyear Tire & Rubber reports 2021 executive compensation
By ExecPay News
Published: March 11, 2022
Goodyear Tire & Rubber reported fiscal year 2021 executive compensation information on March 11, 2022.
In 2021, five executives at Goodyear Tire & Rubber received on average a compensation package of $9.7M, a 45% increase compared to previous year.
Average pay of disclosed executives at Goodyear Tire & Rubber
Richard J. Kramer, Chief Executive Officer, received $21M in total, which increased by 34% compared to 2020. 50% of Kramer's compensation, or $11M, was in stock awards. Kramer also received $199K of change in pension value and nonqualified deferred compensation earnings, $9.1M in non-equity incentive plan, $1.3M in salary, as well as $160K in other compensation.
For fiscal year 2021, the median employee pay was $43,746 at Goodyear Tire & Rubber. Therefore, the ratio of Richard J. Kramer's pay to the median employee pay was 490 to one.
Darren R. Wells, Chief Financial Officer, received a compensation package of $7.6M, which increased by 82% compared to previous year. 45% of the compensation package, or $3.4M, was in stock awards.
Christopher R. Delaney, President, Europe, Middle East and Africa, earned $7M in 2021, a 79% increase compared to previous year.
Stephen R. McClellan, President, Americas, received $6.9M in 2021, which increases by 17% compared to 2020.
Ryan G. Patterson, Senior Vice President and Chief Operating and Integration Officer, Americas, earned $5.4M in 2021, a 64% increase compared to previous year.
Related executives
Richard Kramer
Goodyear Tire & Rubber
Chief Executive Officer
Darren Wells
Goodyear Tire & Rubber
Chief Financial Officer
Stephen McClellan
Goodyear Tire & Rubber
President, Americas
Christopher Delaney
Goodyear Tire & Rubber
President, Europe, Middle East and Africa
Ryan Patterson
Goodyear Tire & Rubber
Senior Vice President and Chief Operating and Integration Officer, Americas
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Source: SEC filing on March 11, 2022.