Monish Patolawala
2021
In 2021, Monish Patolawala earned a total compensation of $9.4M as Executive Vice President, Chief Financial and Transformation Officer at 3M Company, a 17% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,514,739 |
|---|---|
| Option Awards | $1,072,700 |
| Salary | $934,096 |
| Stock Awards | $5,717,782 |
| Other | $177,534 |
| Total | $9,416,851 |
Patolawala received $5.7M in stock awards, accounting for 61% of the total pay in 2021.
Patolawala also received $1.5M in non-equity incentive plan, $1.1M in option awards, $934.1K in salary and $177.5K in other compensation.
Rankings
In 2021, Monish Patolawala's compensation ranked 1,144th out of 12,405 executives tracked by ExecPay. In other words, Patolawala earned more than 90.8% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 1,144 out of 12,405 | 91st |
Division Manufacturing | 400 out of 5,494 | 93rd |
Major group Measuring, Analyzing, And Controlling Instruments; Photographic, Medical And Optical Goods; Watches And Clocks | 42 out of 798 | 95th |
Industry group Surgical, Medical, And Dental Instruments And Supplies | 20 out of 519 | 96th |
Industry Surgical and Medical Instruments and Apparatus | 12 out of 324 | 96th |
Pay ratio
| Monish Patolawala's Pay | $9,416,851 |
|---|---|
| Median Employee's Pay | $71,821 |
| Pay Ratio | 131to 1 |
In 2021, the annual total compensation of Monish Patolawala was $9,416,851.
The annual total compensation of the median employee at 3M Company was $71,821.
The ratio of Monish Patolawala's pay to the pay of median employee was therefore 131 to one.
Source: SEC filing on March 23, 2022.
Patolawala's colleagues
We found four more compensation records of executives who worked with Monish Patolawala at 3M Company in 2021.