Ametek CEO David Zapico's 2019 pay rises 16% to $10M
Ametek reports 2019 executive compensation
By ExecPay News
Published: March 24, 2020
Ametek reported fiscal year 2019 executive compensation information on March 24, 2020.
In 2019, five Ametek executives received on average a compensation package of $4M, a 15% increase compared to previous year.
Average pay of disclosed executives at Ametek
David A. Zapico, Chief Executive Officer, received $10M in total, which increased by 16% compared to 2018. 46% of Zapico's compensation, or $4.7M, was in stock awards. Zapico also received $605K in bonus, $335K of change in pension value and nonqualified deferred compensation earnings, $1.5M in non-equity incentive plan, $1.3M in option awards, $1.3M in salary, as well as $436K in other compensation.
For fiscal year 2019, the median employee pay was $86,304 at Ametek. Therefore, the ratio of David A. Zapico's pay to the median employee pay was 118 to one.
William J. Burke, Chief Financial Officer, received a compensation package of $3.6M, which increased by 19% compared to previous year. 41% of the compensation package, or $1.5M, was in stock awards.
Timothy N. Jones, President Electromechanical Group, earned $2.3M in 2019, a 20% increase compared to previous year.
John W. Hardin, President Electronic Instruments, received $2.1M in 2019, which increases by 7% compared to 2018.
Thomas C. Marecic, President Electronic Instruments, earned $1.9M in 2019, a 4% increase compared to previous year.
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Source: SEC filing on March 24, 2020.