Ametek CEO David Zapico's 2018 pay rises 13% to $8.8M
Ametek reports 2018 executive compensation
By ExecPay News
Published: March 12, 2019
Ametek reported fiscal year 2018 executive compensation information on March 12, 2019.
In 2018, five Ametek executives received on average a compensation package of $3.5M, a 8% increase compared to previous year.
Average pay of disclosed executives at Ametek
David A. Zapico, Chief Executive Officer, received $8.8M in total, which increased by 13% compared to 2017. 31% of Zapico's compensation, or $2.8M, was in stock awards. Zapico also received $528K in bonus, $2.1M in non-equity incentive plan, $1.7M in option awards, $1.2M in salary, as well as $484K in other compensation.
For fiscal year 2018, the median employee pay was $81,314 at Ametek. Therefore, the ratio of David A. Zapico's pay to the median employee pay was 108 to one.
William J. Burke, Chief Financial Officer, received a compensation package of $3M, which increased by 4% compared to previous year. 30% of the compensation package, or $907K, was in stock awards.
John W. Hardin, President Electronic Instruments, earned $2M in 2018, a 5% decrease compared to previous year.
Timothy N. Jones, President Electromechanical Group, received $1.9M in 2018, which decreases by 17% compared to 2017.
Thomas C. Marecic, President Electronic Instruments, earned $1.8M in 2018.
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Source: SEC filing on March 12, 2019.