David B. Speer
2009
In 2009, David B. Speer earned a total compensation of $10.5M as Chairman and Chief Executive Officer at Illinois Tool Works, a 17% decrease compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $624,701 |
|---|---|
| Non-Equity Incentive Plan | $1,256,640 |
| Option Awards | $4,440,686 |
| Salary | $1,100,000 |
| Stock Awards | $2,968,337 |
| Other | $94,017 |
| Total | $10,484,381 |
Speer received $4.4M in option awards, accounting for 42% of the total pay in 2009.
Speer also received $624.7K of change in pension value and nonqualified deferred compensation earnings, $1.3M in non-equity incentive plan, $1.1M in salary, $3M in stock awards and $94K in other compensation.
Rankings
In 2009, David B. Speer's compensation ranked 190th out of 9,885 executives tracked by ExecPay. In other words, Speer earned more than 98.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 190 out of 9,885 | 98th |
Division Manufacturing | 62 out of 3,690 | 98th |
Major group Industrial And Commercial Machinery And Computer Equipment | 8 out of 357 | 98th |
Industry group General Industrial Machinery And Equipment | 2 out of 67 | 97th |
Source: SEC filing on March 21, 2012.
Speer's colleagues
We found five more compensation records of executives who worked with David B. Speer at Illinois Tool Works in 2009.