David B. Speer
2007
In 2007, David B. Speer earned a total compensation of $9.9M as Chairman and Chief Executive Officer at Illinois Tool Works, a 83% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,310,313 |
|---|---|
| Non-Equity Incentive Plan | $1,781,000 |
| Option Awards | $5,755,600 |
| Salary | $948,077 |
| Other | $89,708 |
| Total | $9,884,698 |
Speer received $5.8M in option awards, accounting for 58% of the total pay in 2007.
Speer also received $1.3M of change in pension value and nonqualified deferred compensation earnings, $1.8M in non-equity incentive plan, $948.1K in salary and $89.7K in other compensation.
Rankings
In 2007, David B. Speer's compensation ranked 297th out of 8,700 executives tracked by ExecPay. In other words, Speer earned more than 96.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 297 out of 8,700 | 97th |
Division Manufacturing | 87 out of 3,314 | 97th |
Major group Industrial And Commercial Machinery And Computer Equipment | 11 out of 330 | 97th |
Industry group General Industrial Machinery And Equipment | 2 out of 68 | 97th |
Source: SEC filing on March 24, 2010.
Speer's colleagues
We found four more compensation records of executives who worked with David B. Speer at Illinois Tool Works in 2007.