Snap-on CEO Nicholas Pinchuk's 2018 pay slips 11% to $8.9M
Snap-on reports 2018 executive compensation
By ExecPay News
Published: March 8, 2019
Snap-on reported fiscal year 2018 executive compensation information on March 8, 2019.
In 2018, five Snap-on executives received on average a compensation package of $3.9M, a 14% decrease compared to previous year.
Average pay of disclosed executives at Snap-on
Nicholas T. Pinchuk, Chief Executive Officer, received $8.9M in total, which decreased by 11% compared to 2017. 39% of Pinchuk's compensation, or $3.5M, was in stock awards. Pinchuk also received $256K of change in pension value and nonqualified deferred compensation earnings, $796K in non-equity incentive plan, $3M in option awards, $1.1M in salary, as well as $262K in other compensation.
Thomas J. Ward, Senior Vice President and President-Repair Systems & Information Group, received a compensation package of $2.9M, which decreased by 31% compared to previous year. 37% of the compensation package, or $1.1M, was in stock awards.
Aldo J. Pagliari, Chief Financial Officer, earned $2.7M in 2018, a 7% decrease compared to previous year.
Thomas L. Kassouf, Senior Vice President and President-Snap-on Tools Group, received $2.6M in 2018, which decreases by 15% compared to 2017.
Anup R. Banerjee, Senior Vice President-Human Resources and Chief Development Officer, earned $2.4M in 2018, a 2% increase compared to previous year.
Snap-on's fiscal year ends on January 1.
Related executives
Nicholas Pinchuk
Snap-on
Chief Executive Officer
Aldo Pagliari
Snap-on
Chief Financial Officer
Thomas Ward
Snap-on
Senior Vice President and President- Repair Systems & Information Group
Thomas Kassouf
Snap-on
Senior Vice President and President-Snap-on Tools Group
Anup Banerjee
Snap-on
Senior Vice President-Human Resources and Chief Development Officer
You may also like
Source: SEC filing on March 8, 2019.