Michael M. Larsen
2021
In 2021, Michael M. Larsen earned a total compensation of $6.5M as Senior Vice President & CFO at Illinois Tool Works, a 60% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $2,465,112 |
|---|---|
| Option Awards | $1,599,967 |
| Salary | $845,080 |
| Stock Awards | $1,266,174 |
| Other | $346,108 |
| Total | $6,522,441 |
Larsen received $2.5M in non-equity incentive plan, accounting for 38% of the total pay in 2021.
Larsen also received $1.6M in option awards, $845.1K in salary, $1.3M in stock awards and $346.1K in other compensation.
Rankings
In 2021, Michael M. Larsen's compensation ranked 1,917th out of 12,405 executives tracked by ExecPay. In other words, Larsen earned more than 84.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,917 out of 12,405 | 85th |
Division Manufacturing | 723 out of 5,494 | 87th |
Major group Industrial And Commercial Machinery And Computer Equipment | 55 out of 363 | 85th |
Industry group General Industrial Machinery And Equipment | 13 out of 84 | 85th |
Source: SEC filing on March 25, 2022.
Larsen's colleagues
We found four more compensation records of executives who worked with Michael M. Larsen at Illinois Tool Works in 2021.