Parker-Hannifin CEO Thomas Williams' 2019 pay slips 4% to $17M
Parker-Hannifin reports 2019 executive compensation
By ExecPay News
Published: September 28, 2020
Parker-Hannifin reported fiscal year 2019 executive compensation information on September 28, 2020.
In 2019, six executives at Parker-Hannifin received on average a compensation package of $7.8M, a 1% increase compared to previous year.
Average pay of disclosed executives at Parker-Hannifin
Thomas L. Williams, Chief Executive Officer, received $17M in total, which decreased by 4% compared to 2018. 30% of Williams' compensation, or $5.2M, was in stock awards. Williams also received $4.8M of change in pension value and nonqualified deferred compensation earnings, $3.1M in non-equity incentive plan, $3M in option awards, $1.3M in salary, as well as $162K in other compensation.
For fiscal year 2019, the median employee pay was $57,282 at Parker-Hannifin. Therefore, the ratio of Thomas L. Williams' pay to the median employee pay was 305 to one.
Lee C. Banks, Chief Operating Officer, received a compensation package of $12M, which increased by 32% compared to previous year. 41% of the compensation package, or $4.8M, was in stock awards.
Catherine A. Suever, Chief Financial Officer, earned $6.9M in 2019, a 26% increase compared to previous year.
Robert W. Malone, Vice President and President Filtration Group, received $4.1M in 2019, which increases by 41% compared to 2018.
Jennifer A. Parmentier, Vice President and President Motion Systems Group, earned $3.8M in 2019.
Joseph R. Leonti, General Counsel, received $2.8M in 2019, which decreases by 2% compared to 2018.
Parker-Hannifin's fiscal year ends on June 30.
Related executives
Joseph Leonti
Parker-Hannifin
General Counsel
Thomas Williams
Parker-Hannifin
Chief Executive Officer
Catherine Suever
Parker-Hannifin
Chief Financial Officer
Lee Banks
Parker-Hannifin
Chairman
Robert Malone
Parker-Hannifin
Vice President and President Filtration Group
Jennifer Parmentier
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Source: SEC filing on September 28, 2020.