Ingersoll-Rand CEO Michael Lamach's 2020 pay rises 16% to $28M
Ingersoll-Rand reports 2020 executive compensation
By ExecPay News
Published: April 23, 2021
Ingersoll-Rand reported fiscal year 2020 executive compensation information on April 23, 2021.
In 2020, six executives at Ingersoll-Rand received on average a compensation package of $8.7M, a 3% decrease compared to previous year.
Average pay of disclosed executives at Ingersoll-Rand
Michael W. Lamach, Chief Executive Officer, received $28M in total, which increased by 16% compared to 2019. 41% of Lamach's compensation, or $12M, was of change in pension value and nonqualified deferred compensation earnings. Lamach also received $500K in bonus, $2.4M in non-equity incentive plan, $2.5M in option awards, $1.4M in salary, $9.3M in stock awards, as well as $446K in other compensation.
For fiscal year 2020, the median employee pay was $57,867 at Ingersoll-Rand. Therefore, the ratio of Michael W. Lamach's pay to the median employee pay was 486 to one.
David S. Regnery, Chief Operating Officer, received a compensation package of $8.8M, which increased by 25% compared to previous year. 43% of the compensation package, or $3.7M, was of change in pension value and nonqualified deferred compensation earnings.
Marcia J. Avedon, Executive Vice President, Chief Human Resources, Marketing and Communications Officer, earned $6.1M in 2020, a 21% increase compared to previous year.
Christopher J. Kuehn, Chief Financial Officer, received $4.1M in 2020.
Paul A. Camuti, Executive Vice President and Chief Technology and Strategy Officer, earned $3.9M in 2020, a 27% increase compared to previous year.
Susan K. Carter, Chief Financial Officer, received $1.4M in 2020, which decreases by 75% compared to 2019.
Related executives
Michael Lamach
Ingersoll-Rand
Chief Executive Officer
Christopher Kuehn
Ingersoll-Rand
Chief Financial Officer
David Regnery
Ingersoll-Rand
Chief Operating Officer
Marcia Avedon
Ingersoll-Rand
Executive Vice President, Chief Human Resources, Marketing and Communications Officer
Paul Camuti
Ingersoll-Rand
Executive Vice President and Chief Technology and Strategy Officer
Susan Carter
Ingersoll-Rand
Chief Financial Officer
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Source: SEC filing on April 23, 2021.