Lincoln Electric Holdings CEO Christopher Mapes' 2020 pay rises 1% to $7.1M
Lincoln Electric Holdings reports 2020 executive compensation
By ExecPay News
Published: March 19, 2021
Lincoln Electric Holdings reported fiscal year 2020 executive compensation information on March 19, 2021.
In 2020, seven executives at Lincoln Electric Holdings received on average a compensation package of $2.7M, a 12% decrease compared to previous year.
Average pay of disclosed executives at Lincoln Electric Holdings
Christopher L. Mapes, Chief Executive Officer, received $7.1M in total, which increased by 1% compared to 2019. 37% of Mapes' compensation, or $2.6M, was in stock awards. Mapes also received $100K of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $1.3M in option awards, $1M in salary, as well as $192K in other compensation.
Vincent K. Petrella, Chief Financial Officer, received a compensation package of $2.4M, which decreased by 11% compared to previous year. 28% of the compensation package, or $668K, was in stock awards.
Steven B. Hedlund, Executive Vice President, Americas and International Welding, earned $2.3M in 2020, a 24% increase compared to previous year.
George D. Blankenship, retired Former Executive Vice President, President, Americas Welding, received $2.2M in 2020, which decreases by 1% compared to 2019.
Gabriel Bruno, Chief Financial Officer, earned $1.7M in 2020.
Michele R. Kuhrt, Chief Human Resources Officer, received $1.6M in 2020.
Jennifer I. Ansberry, General Counsel, earned $1.5M in 2020, which is about the same as previous year.
Related executives
Christopher Mapes
Lincoln Electric Holdings
Chief Executive Officer
Gabriel Bruno
Lincoln Electric Holdings
Chief Financial Officer
Steven Hedlund
Lincoln Electric Holdings
Executive Vice President, President, Americas and International Welding
Jennifer Ansberry
Lincoln Electric Holdings
General Counsel
Michele Kuhrt
Lincoln Electric Holdings
Chief Human Resources Officer
Vincent Petrella
Lincoln Electric Holdings
Chief Financial Officer
George Blankenship
Lincoln Electric Holdings
retired Former Executive Vice President, President, Americas Welding
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Source: SEC filing on March 19, 2021.