Textron CEO Scott Donnelly's 2020 pay slips 6% to $18M
Textron reports 2020 executive compensation
By ExecPay News
Published: March 5, 2021
Textron reported fiscal year 2020 executive compensation information on March 5, 2021.
In 2020, four Textron executives received on average a compensation package of $7.6M, a 3% decrease compared to previous year.
Average pay of disclosed executives at Textron
Scott C. Donnelly, Chief Executive Officer, received $18M in total, which decreased by 6% compared to 2019. 59% of Donnelly's compensation, or $11M, was in stock awards. Donnelly also received $2.8M of change in pension value and nonqualified deferred compensation earnings, $744K in non-equity incentive plan, $2.5M in option awards, $1.1M in salary, as well as $79K in other compensation.
For fiscal year 2020, the median employee pay was $106,481 at Textron. Therefore, the ratio of Scott C. Donnelly's pay to the median employee pay was 167 to one.
Frank T. Connor, Chief Financial Officer, received a compensation package of $6.5M, which decreased by 2% compared to previous year. 48% of the compensation package, or $3.1M, was in stock awards.
Julie G. Duffy, Executive Vice President, Human Resources, earned $3.2M in 2020, a 13% increase compared to previous year.
E. Robert Lupone, General Counsel, received $2.9M in 2020, which decreases by 2% compared to 2019.
Textron's fiscal year ends on January 1.
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Source: SEC filing on March 5, 2021.