NN CEO Warren Veltman's 2020 pay jumps 247% to $3.3M
NN reports 2020 executive compensation
By ExecPay News
Published: April 16, 2021
NN reported fiscal year 2020 executive compensation information on April 16, 2021.
In 2020, six NN executives received on average a compensation package of $1.8M, a 192% increase compared to previous year.
Average pay of disclosed executives at NN
Warren A. Veltman, Chief Executive Officer, received $3.3M in total, which increased by 247% compared to 2019. 53% of Veltman's compensation, or $1.7M, was in stock awards. Veltman also received $250K in bonus, $582K in non-equity incentive plan, $665K in salary, as well as $48K in other compensation.
For fiscal year 2020, the median employee pay was $15,932 at NN. Therefore, the ratio of Warren A. Veltman's pay to the median employee pay was 206 to one.
Thomas D. DeByle, Chief Financial Officer, received a compensation package of $1.7M, which increased by 398% compared to previous year. 39% of the compensation package, or $680K, was in stock awards.
Christopher J. Qualters, Executive Vice President - Life Sciences, earned $1.7M in 2020, a 195% increase compared to previous year.
John R. Buchan, Executive Vice President - Mobile Solutions and Power Solutions, received $1.6M in 2020, which increases by 221% compared to 2019.
Matthew S. Heiter, General Counsel, earned $1.5M in 2020, a 130% increase compared to previous year.
D. Gail Nixon, Chief Human Resources Officer, received $797K in 2020.
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Source: SEC filing on April 16, 2021.