Lincoln Electric Holdings CEO Christopher Mapes' 2018 pay slips 9% to $7M
Lincoln Electric Holdings reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Lincoln Electric Holdings reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five executives at Lincoln Electric Holdings received on average a compensation package of $3M, a 8% decrease compared to previous year.
Average pay of disclosed executives at Lincoln Electric Holdings
Christopher L. Mapes, Chief Executive Officer, received $7M in total, which decreased by 9% compared to 2017. 36% of Mapes' compensation, or $2.5M, was in stock awards. Mapes also received $37K of change in pension value and nonqualified deferred compensation earnings, $2.1M in non-equity incentive plan, $1.3M in option awards, $965K in salary, as well as $205K in other compensation.
Vincent K. Petrella, Chief Financial Officer, received a compensation package of $2.3M, which decreased by 26% compared to previous year. 32% of the compensation package, or $730K, was in non-equity incentive plan.
George D. Blankenship, Executive Vice President, President, Americas, earned $2.1M in 2018, a 11% decrease compared to previous year.
Steven B. Hedlund, Executive Vice President, President, International, received $1.9M in 2018, which increases by 9% compared to 2017.
Jennifer I. Ansberry, General Counsel, earned $1.5M in 2018, a 19% increase compared to previous year.
Related executives
Christopher Mapes
Lincoln Electric Holdings
Chief Executive Officer
Vincent Petrella
Lincoln Electric Holdings
Chief Financial Officer
George Blankenship
Lincoln Electric Holdings
retired Former Executive Vice President, President, Americas Welding
Steven Hedlund
Lincoln Electric Holdings
Executive Vice President, President, Americas and International Welding
Jennifer Ansberry
Lincoln Electric Holdings
General Counsel
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Source: SEC filing on March 22, 2019.