NN CEO Warren Veltman's 2021 pay stays at $3.3M
NN reports 2021 executive compensation
By ExecPay News
Published: April 15, 2022
NN reported fiscal year 2021 executive compensation information on April 15, 2022.
In 2021, six NN executives received on average a compensation package of $1.5M, a 18% decrease compared to previous year.
Average pay of disclosed executives at NN
Warren A. Veltman, Chief Executive Officer, received $3.3M in total, which is about the same as previous year. 53% of Veltman's compensation, or $1.7M, was in stock awards. Veltman also received $250K in bonus, $551K in non-equity incentive plan, $686K in salary, as well as $53K in other compensation.
For fiscal year 2021, the median employee pay was $16,693 at NN. Therefore, the ratio of Warren A. Veltman's pay to the median employee pay was 197 to one.
Thomas D. DeByle, Chief Financial Officer, received a compensation package of $1.9M, which increased by 8% compared to previous year. 50% of the compensation package, or $932K, was in stock awards.
Matthew S. Heiter, General Counsel, earned $1.2M in 2021, a 23% decrease compared to previous year.
John R. Buchan, Executive Vice President – Mobile Solutions and Power Solutions, received $1.2M in 2021, which decreases by 27% compared to 2020.
D. Gail Nixon, Chief Human Resources Officer, earned $671K in 2021, a 16% decrease compared to previous year.
Michael C. Felcher, Chief Financial Officer, received $580K in 2021.
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Source: SEC filing on April 15, 2022.