Textron CEO Scott Donnelly's 2019 pay jumps 36% to $19M
Textron reports 2019 executive compensation
By ExecPay News
Published: March 5, 2020
Textron reported fiscal year 2019 executive compensation information on March 5, 2020.
In 2019, four Textron executives received on average a compensation package of $7.8M, a 33% increase compared to previous year.
Average pay of disclosed executives at Textron
Scott C. Donnelly, Chief Executive Officer, received $19M in total, which increased by 36% compared to 2018. 44% of Donnelly's compensation, or $8.2M, was in stock awards. Donnelly also received $4.1M of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $3.5M in option awards, $1.2M in salary, as well as $101K in other compensation.
For fiscal year 2019, the median employee pay was $99,196 at Textron. Therefore, the ratio of Scott C. Donnelly's pay to the median employee pay was 191 to one.
Frank T. Connor, Chief Financial Officer, received a compensation package of $6.7M, which increased by 28% compared to previous year. 36% of the compensation package, or $2.4M, was in stock awards.
E. Robert Lupone, General Counsel, earned $3M in 2019, a 5% increase compared to previous year.
Julie G. Duffy, Executive Vice President, Human Resources, received $2.8M in 2019, which increases by 71% compared to 2018.
Textron's fiscal year ends on January 1.
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Source: SEC filing on March 5, 2020.