Lincoln Electric Holdings CEO Christopher Mapes' 2021 pay jumps 30% to $9.2M
Lincoln Electric Holdings reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
Lincoln Electric Holdings reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, five executives at Lincoln Electric Holdings received on average a compensation package of $3.4M, a 28% increase compared to previous year.
Average pay of disclosed executives at Lincoln Electric Holdings
Christopher L. Mapes, Chief Executive Officer, received $9.2M in total, which increased by 30% compared to 2020. 38% of Mapes' compensation, or $3.5M, was in stock awards. Mapes also received $158K of change in pension value and nonqualified deferred compensation earnings, $2.6M in non-equity incentive plan, $1.8M in option awards, $1M in salary, as well as $206K in other compensation.
Gabriel Bruno, Chief Financial Officer, received a compensation package of $2.4M, which increased by 41% compared to previous year. 31% of the compensation package, or $748K, was in stock awards.
Steven B. Hedlund, Executive Vice President, President, Americas and International Welding, earned $2.2M in 2021, a 4% decrease compared to previous year.
Jennifer I. Ansberry, General Counsel, received $1.8M in 2021, which increases by 17% compared to 2020.
Michele R. Kuhrt, Chief Human Resources Officer, earned $1.5M in 2021, 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
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Source: SEC filing on March 18, 2022.