TE Connectivity CEO Terrence Curtin's 2020 pay rises 14% to $11M
TE Connectivity reports 2020 executive compensation
By ExecPay News
Published: January 14, 2021
TE Connectivity reported fiscal year 2020 executive compensation information on January 14, 2021.
In 2020, five executives at TE Connectivity received on average a compensation package of $4.4M, a 6% increase compared to previous year.
Average pay of disclosed executives at TE Connectivity
Terrence R. Curtin, Chief Executive Officer, received $11M in total, which increased by 14% compared to 2019. 41% of Curtin's compensation, or $4.4M, was in option awards. Curtin also received $344K in non-equity incentive plan, $1.2M in salary, $4.2M in stock awards, as well as $421K in other compensation.
For fiscal year 2020, the median employee pay was $24,916 at TE Connectivity. Therefore, the ratio of Terrence R. Curtin's pay to the median employee pay was 424 to one.
Heath A. Mitts, Chief Financial Officer, received a compensation package of $3.5M, which decreased by 3% compared to previous year. 37% of the compensation package, or $1.3M, was in option awards.
Steven T. Merkt, President, Transportation Solutions, earned $3.2M in 2020, a 3% decrease compared to previous year.
Shadrak W. Kroeger, President, Industrial Solutions, received $2.6M in 2020.
John S. Jenkins, Jr, General Counsel, earned $2.3M in 2020, a 7% decrease compared to previous year.
TE Connectivity's fiscal year ends on September 29.
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Source: SEC filing on January 14, 2021.