Textron CEO Scott Donnelly's 2021 pay rises 5% to $19M
Textron reports 2021 executive compensation
By ExecPay News
Published: March 3, 2022
Textron reported fiscal year 2021 executive compensation information on March 3, 2022.
In 2021, four Textron executives received on average a compensation package of $8.3M, a 9% 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 5% compared to 2020. 57% of Donnelly's compensation, or $11M, was in stock awards. Donnelly also received $96K of change in pension value and nonqualified deferred compensation earnings, $3.6M in non-equity incentive plan, $3M in option awards, $1.2M in salary, as well as $93K in other compensation.
For fiscal year 2021, the median employee pay was $102,647 at Textron. Therefore, the ratio of Scott C. Donnelly's pay to the median employee pay was 181 to one.
Frank T. Connor, Chief Financial Officer, received a compensation package of $7.3M, which increased by 12% compared to previous year. 43% of the compensation package, or $3.1M, was in stock awards.
E. Robert Lupone, General Counsel, earned $3.9M in 2021, a 34% increase compared to previous year.
Julie G. Duffy, Executive Vice President, Human Resources, received $3.3M in 2021, which increases by 3% compared to 2020.
Textron's fiscal year ends on January 1.
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Source: SEC filing on March 3, 2022.