MSA Safety CEO Nishan Vartanian's 2021 pay slips 10% to $6.8M
MSA Safety reports 2021 executive compensation
By ExecPay News
Published: April 1, 2022
MSA Safety reported fiscal year 2021 executive compensation information on April 1, 2022.
In 2021, five MSA Safety executives received on average a compensation package of $2.6M, a 5% decrease compared to previous year.
Average pay of disclosed executives at MSA Safety
Nishan J. Vartanian, Chief Executive Officer, received $6.8M in total, which decreased by 10% compared to 2020. 51% of Vartanian's compensation, or $3.5M, was in stock awards. Vartanian also received $1.4M of change in pension value and nonqualified deferred compensation earnings, $964K in non-equity incentive plan, $863K in salary, as well as $97K in other compensation.
For fiscal year 2021, the median employee pay was $56,109 at MSA Safety. Therefore, the ratio of Nishan J. Vartanian's pay to the median employee pay was 121 to one.
Kenneth D. Krause, Chief Financial Officer, received a compensation package of $2M, which decreased by 4% compared to previous year. 47% of the compensation package, or $965K, was in stock awards.
Steven C. Blanco, Vice President and President MSA Americas, earned $1.6M in 2021, which is about the same as previous year.
Bob W. Leenen, Vice President and President MSA International, received $1.4M in 2021, which increases by 7% compared to 2020.
Stephanie L. Sciullo, Chief Legal Officer, earned $1.1M in 2021, a 5% increase compared to previous year.
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Source: SEC filing on April 1, 2022.