Lear CEO Raymond Scott's 2020 pay rises 7% to $15M
Lear reports 2020 executive compensation
By ExecPay News
Published: April 5, 2021
Lear reported fiscal year 2020 executive compensation information on April 5, 2021.
In 2020, five Lear executives received on average a compensation package of $6.5M, a 12% increase compared to previous year.
Average pay of disclosed executives at Lear
Raymond E. Scott, Chief Executive Officer, received $15M in total, which increased by 7% compared to 2019. 68% of Scott's compensation, or $10M, was in stock awards. Scott also received $367K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $1.7M in option awards, $1.1M in salary, as well as $423K in other compensation.
For fiscal year 2020, the median employee pay was $9,046 at Lear. Therefore, the ratio of Raymond E. Scott's pay to the median employee pay was 1,627 to one.
Frank C. Orsini, Executive Vice President, and President, Seating, received a compensation package of $5.7M, which increased by 18% compared to previous year. 63% of the compensation package, or $3.6M, was in stock awards.
Jason M. Cardew, Chief Financial Officer, earned $4.4M in 2020, a 65% increase compared to previous year.
Thomas A. DiDonato, Chief Administrative Officer, received $4.3M in 2020, which increases by 7% compared to 2019.
Carl A. Esposito, Senior Vice President and President, E, Systems, earned $3.6M in 2020, a 46% decrease compared to previous year.
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Source: SEC filing on April 5, 2021.