Terex CEO John Garrison's 2018 pay slips 14% to $9.6M
Terex reports 2018 executive compensation
By ExecPay News
Published: April 2, 2020
Terex reported fiscal year 2018 executive compensation information on April 2, 2020.
In 2018, six Terex executives received on average a compensation package of $4M, a 19% decrease compared to previous year.
Average pay of disclosed executives at Terex
John L. Garrison, Chief Executive Officer, received $9.6M in total, which decreased by 14% compared to 2017. 70% of Garrison's compensation, or $6.7M, was in stock awards. Garrison also received $1.5M in non-equity incentive plan, $936K in salary, as well as $482K in other compensation.
For fiscal year 2018, the median employee pay was $53,609 at Terex. Therefore, the ratio of John L. Garrison's pay to the median employee pay was 180 to one.
John D. Sheehan, Chief Financial Officer, received a compensation package of $3.5M, which decreased by 33% compared to previous year. 57% of the compensation package, or $2M, was in stock awards.
Eric I Cohen, General Counsel, earned $3.4M in 2018, a 1% decrease compared to previous year.
Steve Filipov, President, Terex Cranes, received $2.9M in 2018, which decreases by 21% compared to 2017.
Processing Matthew Fearon, President, Terex Aerial Work Platforms, earned $2.2M in 2018, a 24% decrease compared to previous year.
Matthew Fearon, President, Terex Aerial Work Platforms, received $2.2M in 2018, which decreases by 24% compared to 2017.
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Source: SEC filing on April 2, 2020.