Servotronics CEO William Farrell's 2023 pay slips 20% to $470K
Servotronics reports 2023 executive compensation
By ExecPay News
Published: April 11, 2024
Servotronics reported fiscal year 2023 executive compensation information on April 11, 2024.
In 2023, four executives at Servotronics received on average a compensation package of $334K, a 17% decrease compared to previous year.
Average pay of disclosed executives at Servotronics
William F. Farrell, Jr, Chief Executive Officer, received $470K in total, which decreased by 20% compared to 2022. 74% of Farrell's compensation, or $350K, was in salary. Farrell also received $50K in non-equity incentive plan, $35K in stock awards, as well as $35K in other compensation.
Lisa F. Bencel, Chief Financial Officer, received a compensation package of $304K, which decreased by 2% compared to previous year. 58% of the compensation package, or $177K, was in other compensation.
James C. Takacs, Chief Technical Officer, earned $290K in 2023, a 5% decrease compared to previous year.
Robert A. Fraass, Chief Financial Officer, received $272K in 2023.
Related executives
You may also like
Source: SEC filing on April 11, 2024.