Manitowoc Co CEO Barry Pennypacker's 2020 pay falls 22% to $4.9M
Manitowoc Co reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
Manitowoc Co reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, seven executives at Manitowoc Co received on average a compensation package of $1.9M, a 25% decrease compared to previous year.
Average pay of disclosed executives at Manitowoc Co
Barry L. Pennypacker, Chief Executive Officer, received $4.9M in total, which decreased by 22% compared to 2019. 49% of Pennypacker's compensation, or $2.4M, was in stock awards. Pennypacker also received $227K in non-equity incentive plan, $627K in option awards, $646K in salary, as well as $1M in other compensation.
For fiscal year 2020, the median employee pay was $48,153 at Manitowoc Co. Therefore, the ratio of Barry L. Pennypacker's pay to the median employee pay was 103 to one.
Aaron H. Ravenscroft, Chief Executive Officer, received a compensation package of $2.8M, which increased by 13% compared to previous year. 34% of the compensation package, or $966K, was in other compensation.
David J. Antoniuk, Chief Financial Officer, earned $1.8M in 2020, a 24% decrease compared to previous year.
Thomas L. Doerr, Jr, General Counsel, received $1.2M in 2020, which decreases by 17% compared to 2019.
Terrance L. Collins, Executive Vice President, Human Resources, earned $999K in 2020, a 28% decrease compared to previous year.
Peter A. Ruck, Former Senior Vice President, Business Development, received $885K in 2020, which decreases by 27% compared to 2019.
Leslie L. Middleton, Executive Vice President, Mobile Cranes, earned $715K in 2020.
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Aaron Ravenscroft
Manitowoc Co
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David Antoniuk
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Chief Financial Officer
Thomas Doerr
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Terrance Collins
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Executive Vice President, Human Resources
Leslie Middleton
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Executive Vice President, Americas and EU Mobile Cranes
Barry Pennypacker
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Source: SEC filing on March 25, 2021.