Woodward CEO Charles Blankenship receives $7M in 2022
Woodward reports 2022 executive compensation
By ExecPay News
Published: December 9, 2022
Woodward reported fiscal year 2022 executive compensation information on December 9, 2022.
In 2022, six Woodward executives received on average a compensation package of $2.9M, a 3% decrease compared to previous year.
Average pay of disclosed executives at Woodward
Charles P. Blankenship, Jr, Chief Executive Officer, received $7M in total. 49% of Blankenship's compensation, or $3.4M, was in stock awards. Blankenship also received $1M in bonus, $1.9M in option awards, $402K in salary, as well as $260K in other compensation.
Thomas A. Gendron, Chief Executive Officer, received a compensation package of $5M, which decreased by 10% compared to previous year. 75% of the compensation package, or $3.8M, was in option awards.
Thomas G. Cromwell, Chief Operating Officer, earned $2.1M in 2022, a 29% decrease compared to previous year.
Sagar A. Patel, Former President, Engine Systems, received $1.2M in 2022, which decreases by 30% compared to 2021.
Mark D. Hartman, Chief Financial Officer, earned $1.2M in 2022.
A. Christopher Fawzy, General Counsel, received $1.2M in 2022.
Woodward's fiscal year ends on September 30.
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Source: SEC filing on December 9, 2022.