Woodward CEO Thomas Gendron's 2021 pay rises 14% to $5.6M
Woodward reports 2021 executive compensation
By ExecPay News
Published: December 8, 2021
Woodward reported fiscal year 2021 executive compensation information on December 8, 2021.
In 2021, five Woodward executives received on average a compensation package of $3M, a 17% increase compared to previous year.
Average pay of disclosed executives at Woodward
Thomas A. Gendron, Chief Executive Officer, received $5.6M in total, which increased by 14% compared to 2020. 67% of Gendron's compensation, or $3.7M, was in option awards. Gendron also received $781K in non-equity incentive plan, $962K in salary, as well as $128K in other compensation.
For fiscal year 2021, the median employee pay was $60,674 at Woodward. Therefore, the ratio of Thomas A. Gendron's pay to the median employee pay was 92 to one.
Thomas G. Cromwell, Chief Operating Officer, received a compensation package of $2.9M, which increased by 58% compared to previous year. 69% of the compensation package, or $2M, was in option awards.
Robert F. Weber, Jr, Chief Financial Officer, earned $2.6M in 2021, a 60% increase compared to previous year.
Roger A. Ross, President, Aero Systems, received $2.2M in 2021.
Sagar A. Patel, President, Engine Systems, earned $1.7M in 2021, a 37% increase compared to previous year.
Woodward's fiscal year ends on September 30.
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Source: SEC filing on December 8, 2021.