Regal Beloit CEO Mark Gliebe's 2018 pay slips 10% to $7.1M
Regal Beloit reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
Regal Beloit reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, six executives at Regal Beloit received on average a compensation package of $2.3M, a 25% decrease compared to previous year.
Mark J. Gliebe, Chief Executive Officer, received $7.1M in total, which decreased by 10% compared to 2017. 41% of Gliebe's compensation, or $2.9M, was in stock awards. Gliebe also received $425K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $1.5M in option awards, $995K in salary, as well as $82K in other compensation.
For fiscal year 2018, the median employee pay was $12,688 at Regal Beloit. Therefore, the ratio of Mark J. Gliebe's pay to the median employee pay was 558 to one.
Jonathan J. Schlemmer, Chief Operating Officer, received a compensation package of $2.7M, which decreased by 4% compared to previous year. 30% of the compensation package, or $787K, was in stock awards.
Thomas E. Valentyn, General Counsel, earned $1.3M in 2018, a 13% increase compared to previous year.
Terry R. Colvin, Vice President, Corporate Human Resources, received $1.2M in 2018, which decreases by 3% compared to 2017.
Robert J. Rehard, Chief Financial Officer, earned $1.1M in 2018.
Charles A. Hinrichs, Chief Financial Officer, received $468K in 2018, which decreases by 79% compared to 2017.
Regal Beloit's fiscal year ends on January 1.
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