NN CEO Warren Veltman's 2022 pay falls 27% to $2.4M
NN reports 2022 executive compensation
By ExecPay News
Published: April 14, 2023
NN reported fiscal year 2022 executive compensation information on April 14, 2023.
In 2022, six NN executives received on average a compensation package of $984K, a 33% decrease compared to previous year.
Average pay of disclosed executives at NN
Warren A. Veltman, Chief Executive Officer, received $2.4M in total, which decreased by 27% compared to 2021. 69% of Veltman's compensation, or $1.6M, was in stock awards. Veltman also received $701K in salary and $53K in other compensation.
For fiscal year 2022, the median employee pay was $15,706 at NN. Therefore, the ratio of Warren A. Veltman's pay to the median employee pay was 153 to one.
John R. Buchan, Executive Vice President – Mobile Solutions and Power Solutions, received a compensation package of $856K, which decreased by 27% compared to previous year. 52% of the compensation package, or $442K, was in salary.
Matthew S. Heiter, General Counsel, earned $824K in 2022, a 31% decrease compared to previous year.
Michael C. Felcher, Chief Financial Officer, received $677K in 2022, which increases by 17% compared to 2021.
J. Andrew Wall, Senior Vice President – Chief Commercial Officer, earned $673K in 2022.
D. Gail Nixon, Chief Human Resources Officer, received $476K in 2022, which decreases by 29% compared to 2021.
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Source: SEC filing on April 14, 2023.