TE Connectivity CEO Terrence Curtin's 2019 pay slips 9% to $9.3M
TE Connectivity reports 2019 executive compensation
By ExecPay News
Published: January 16, 2020
TE Connectivity reported fiscal year 2019 executive compensation information on January 16, 2020.
In 2019, five executives at TE Connectivity received on average a compensation package of $4.2M, a 9% decrease compared to previous year.
Average pay of disclosed executives at TE Connectivity
Terrence R. Curtin, Chief Executive Officer, received $9.3M in total, which decreased by 9% compared to 2018. 38% of Curtin's compensation, or $3.6M, was in stock awards. Curtin also received $580K in non-equity incentive plan, $3.5M in option awards, $1.2M in salary, as well as $487K in other compensation.
For fiscal year 2019, the median employee pay was $20,846 at TE Connectivity. Therefore, the ratio of Terrence R. Curtin's pay to the median employee pay was 446 to one.
Heath A. Mitts, Chief Financial Officer, received a compensation package of $3.6M, which decreased by 9% compared to previous year. 35% of the compensation package, or $1.3M, was in stock awards.
Steven T. Merkt, President, Transportation Solutions, earned $3.2M in 2019, a 14% decrease compared to previous year.
John S. Jenkins, Jr, General Counsel, received $2.5M in 2019, which decreases by 15% compared to 2018.
Kevin N. Rock, President, Industrial Solutions, earned $2.3M in 2019, a 34% decrease compared to previous year.
TE Connectivity's fiscal year ends on September 29.
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Source: SEC filing on January 16, 2020.