Kadant CEO Jeffrey Powell's 2020 pay jumps 34% to $3.7M
Kadant reports 2020 executive compensation
By ExecPay News
Published: April 1, 2021
Kadant reported fiscal year 2020 executive compensation information on April 1, 2021.
In 2020, five Kadant executives received on average a compensation package of $1.6M, a 5% increase compared to previous year.
Average pay of disclosed executives at Kadant
Jeffrey L. Powell, Chief Executive Officer, received $3.7M in total, which increased by 34% compared to 2019. 46% of Powell's compensation, or $1.7M, was in stock awards. Powell also received $1.2M in non-equity incentive plan, $810K in salary, as well as $14K in other compensation.
For fiscal year 2020, the median employee pay was $61,884 at Kadant. Therefore, the ratio of Jeffrey L. Powell's pay to the median employee pay was 60 to one.
Michael J. McKenney, Chief Financial Officer, received a compensation package of $1.4M, which increased by 6% compared to previous year. 37% of the compensation package, or $502K, was in stock awards.
Eric T. Langevin, Chief Operating Officer, earned $1.4M in 2020, a 4% decrease compared to previous year.
Stacy D. Krause, General Counsel, received $920K in 2020, which increases by 18% compared to 2019.
Peter J. Flynn, Vice President, earned $818K in 2020, a 41% increase compared to previous year.
Kadant's fiscal year ends on January 1.
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Source: SEC filing on April 1, 2021.