MSA Safety CEO Nishan Vartanian's 2019 pay jumps 137% to $6.7M
MSA Safety reports 2019 executive compensation
By ExecPay News
Published: April 7, 2020
MSA Safety reported fiscal year 2019 executive compensation information on April 7, 2020.
In 2019, five MSA Safety executives received on average a compensation package of $2.7M, a 76% increase compared to previous year.
Average pay of disclosed executives at MSA Safety
Nishan J. Vartanian, Chief Executive Officer, received $6.7M in total, which increased by 137% compared to 2018. 43% of Vartanian's compensation, or $2.9M, was in stock awards. Vartanian also received $2M of change in pension value and nonqualified deferred compensation earnings, $821K in non-equity incentive plan, $805K in salary, as well as $134K in other compensation.
For fiscal year 2019, the median employee pay was $62,878 at MSA Safety. Therefore, the ratio of Nishan J. Vartanian's pay to the median employee pay was 106 to one.
Douglas K. McClaine, Chief Legal Officer, received a compensation package of $2.1M, which increased by 110% compared to previous year. 43% of the compensation package, or $910K, was of change in pension value and nonqualified deferred compensation earnings.
Kenneth D. Krause, Chief Financial Officer, earned $1.9M in 2019, a 30% increase compared to previous year.
Steven C. Blanco, Vice President and President MSA Americas, received $1.6M in 2019, which increases by 23% compared to 2018.
Bob W. Leenen, Vice President and President MSA International, earned $1.1M in 2019, a 1% increase compared to previous year.
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Source: SEC filing on April 7, 2020.