Lear CEO Raymond Scott's 2019 pay jumps 38% to $14M
Lear reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
Lear reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, seven Lear executives received on average a compensation package of $5.9M, a 28% increase compared to previous year.
Average pay of disclosed executives at Lear
Raymond E. Scott, Chief Executive Officer, received $14M in total, which increased by 38% compared to 2018. 77% of Scott's compensation, or $11M, was in stock awards. Scott also received $381K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $1.2M in salary, as well as $442K in other compensation.
For fiscal year 2019, the median employee pay was $10,172 at Lear. Therefore, the ratio of Raymond E. Scott's pay to the median employee pay was 1,349 to one.
Carl A. Esposito, Senior Vice President and President, E, Systems, received a compensation package of $6.8M. 91% of the compensation package, or $6.1M, was in stock awards.
Frank C. Orsini, Executive Vice President, and President, Seating, earned $4.8M in 2019, a 16% increase compared to previous year.
Jeneanne M. Hanley, Former Senior Vice President and President, E, Systems, received $4.6M in 2019.
Jeffrey H. Vanneste, Chief Financial Officer, earned $4.5M in 2019, a 2% increase compared to previous year.
Thomas A. DiDonato, Chief Administrative Officer, received $4M in 2019, which increases by 15% compared to 2018.
Jason M. Cardew, Chief Financial Officer, earned $2.7M in 2019.
Related executives
Raymond Scott
Lear
Chief Executive Officer
Jason Cardew
Lear
Chief Financial Officer
Frank Orsini
Lear
Executive Vice President, and President, Seating
Thomas DiDonato
Lear
Chief Administrative Officer
Carl Esposito
Lear
Senior Vice President and President, E, Systems
Jeffrey Vanneste
Lear
Chief Financial Officer
Jeneanne Hanley
Lear
Former Senior Vice President and President, E, Systems
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Source: SEC filing on April 6, 2020.