Parker-Hannifin CEO Thomas Williams' 2022 pay rises 8% to $18M
Parker-Hannifin reports 2022 executive compensation
By ExecPay News
Published: September 23, 2022
Parker-Hannifin reported fiscal year 2022 executive compensation information on September 23, 2022.
In 2022, five executives at Parker-Hannifin received on average a compensation package of $8.4M, a 1% increase compared to previous year.
Average pay of disclosed executives at Parker-Hannifin
Thomas L. Williams, Chief Executive Officer, received $18M in total, which increased by 8% compared to 2021. 31% of Williams' compensation, or $5.8M, was in stock awards. Williams also received $3M of change in pension value and nonqualified deferred compensation earnings, $3.8M in non-equity incentive plan, $4.3M in option awards, $1.4M in salary, as well as $152K in other compensation.
Lee C. Banks, Chairman, received a compensation package of $7.9M, which decreased by 3% compared to previous year. 33% of the compensation package, or $2.6M, was in stock awards.
Jennifer A. Parmentier, Chief Operating Officer, earned $7.1M in 2022.
Todd M. Leombruno, Chief Financial Officer, received $4.7M in 2022, which decreases by 6% compared to 2021.
Andrew M. Weeks, Former Vice President and President - Engineered Materials Group, earned $3.7M in 2022, a 28% increase compared to previous year.
Parker-Hannifin's fiscal year ends on June 30.
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Source: SEC filing on September 23, 2022.