Timken CEO Richard Kyle's 2018 pay rises 1% to $8.7M
Timken reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Timken reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five Timken executives received on average a compensation package of $3.4M, a 1% increase compared to previous year.
Average pay of disclosed executives at Timken
Richard G. Kyle, Chief Executive Officer, received $8.7M in total, which increased by 1% compared to 2017. 33% of Kyle's compensation, or $2.9M, was in stock awards. Kyle also received $1.3M of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $1.2M in option awards, $942K in salary, as well as $331K in other compensation.
For fiscal year 2018, the median employee pay was $50,297 at Timken. Therefore, the ratio of Richard G. Kyle's pay to the median employee pay was 173 to one.
Philip D. Fracassa, Chief Financial Officer, received a compensation package of $2.6M, which decreased by 4% compared to previous year. 27% of the compensation package, or $707K, was in stock awards.
Christopher A. Coughlin, Executive Vice President, Group President, earned $2.6M in 2018, a 23% decrease compared to previous year.
Carolyn E. Cheverine, General Counsel, received $1.5M in 2018, which increases by 11% compared to 2017.
Ronald J. Myers, Executive Vice President, Human Resources, earned $1.3M in 2018, a 4% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on March 22, 2019.