Lear CEO Raymond Scott's 2018 pay jumps 81% to $9.9M
Lear reports 2018 executive compensation
By ExecPay News
Published: March 28, 2019
Lear reported fiscal year 2018 executive compensation information on March 28, 2019.
In 2018, six Lear executives received on average a compensation package of $4.6M, a 34% decrease compared to previous year.
Average pay of disclosed executives at Lear
Raymond E. Scott, Chief Executive Officer, received $9.9M in total, which increased by 81% compared to 2017. 70% of Scott's compensation, or $7M, was in stock awards. Scott also received $1.4M in non-equity incentive plan, $1.1M in salary, as well as $429K in other compensation.
For fiscal year 2018, the median employee pay was $10,063 at Lear. Therefore, the ratio of Raymond E. Scott's pay to the median employee pay was 987 to one.
Jeffrey H. Vanneste, Chief Financial Officer, received a compensation package of $4.4M, which decreased by 11% compared to previous year. 58% of the compensation package, or $2.5M, was in stock awards.
Terrence B. Larkin, General Counsel, earned $4.2M in 2018, a 15% decrease compared to previous year.
Frank C. Orsini, Executive Vice President, and President, Seating Former Senior Vice President and President, E, Systems, received $4.2M in 2018, which decreases by 4% compared to 2017.
Thomas A. DiDonato, Chief Administrative Officer, earned $3.5M in 2018.
Matthew J. Simoncini, Chief Executive Officer, received $1.4M in 2018, which decreases by 91% compared to 2017.
Related executives
You may also like
Source: SEC filing on March 28, 2019.