Snap-on CEO Nicholas Pinchuk's 2019 pay slips 15% to $7.6M
Snap-on reports 2019 executive compensation
By ExecPay News
Published: March 10, 2020
Snap-on reported fiscal year 2019 executive compensation information on March 10, 2020.
In 2019, five Snap-on executives received on average a compensation package of $3.3M, a 14% decrease compared to previous year.
Average pay of disclosed executives at Snap-on
Nicholas T. Pinchuk, Chief Executive Officer, received $7.6M in total, which decreased by 15% compared to 2018. 44% of Pinchuk's compensation, or $3.3M, was in stock awards. Pinchuk also received $297K of change in pension value and nonqualified deferred compensation earnings, $2.7M in option awards, $1.1M in salary, as well as $175K in other compensation.
Thomas J. Ward, Senior Vice President and President-Repair Systems & Information Group, received a compensation package of $3.3M, which increased by 13% compared to previous year. 29% of the compensation package, or $968K, was in stock awards.
Aldo J. Pagliari, Chief Financial Officer, earned $2.4M in 2019, a 13% decrease compared to previous year.
Anup R. Banerjee, Senior Vice President-Human Resourcesand Chief Development Officer, received $2M in 2019, which decreases by 13% compared to 2018.
Timothy L. Chambers, Senior Vice President and President- Snap-on Tools Group, earned $1.4M in 2019.
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
Anup Banerjee
Snap-on
Senior Vice President-Human Resources and Chief Development Officer
Timothy Chambers
Snap-on
Senior Vice President and President-Snap-on Tools Group
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Source: SEC filing on March 10, 2020.