Ametek CEO David Zapico's 2021 pay jumps 52% to $13M
Ametek reports 2021 executive compensation
By ExecPay News
Published: March 14, 2022
Ametek reported fiscal year 2021 executive compensation information on March 14, 2022.
In 2021, five Ametek executives received on average a compensation package of $4.9M, a 47% increase compared to previous year.
Average pay of disclosed executives at Ametek
David A. Zapico, Chief Executive Officer, received $13M in total, which increased by 52% compared to 2020. 45% of Zapico's compensation, or $5.8M, was in stock awards. Zapico also received $686K in bonus, $150K of change in pension value and nonqualified deferred compensation earnings, $2.7M in non-equity incentive plan, $1.6M in option awards, $1.3M in salary, as well as $611K in other compensation.
For fiscal year 2021, the median employee pay was $68,238 at Ametek. Therefore, the ratio of David A. Zapico's pay to the median employee pay was 189 to one.
William J. Burke, Chief Financial Officer, received a compensation package of $4.1M, which increased by 40% compared to previous year. 39% of the compensation package, or $1.6M, was in stock awards.
John W. Hardin, President Electronic Instruments, earned $2.6M in 2021, a 56% increase compared to previous year.
Timothy N. Jones, President Electromechanical Group, received $2.6M in 2021, which increases by 33% compared to 2020.
Thomas C. Marecic, President Electronic Instruments, earned $2.3M in 2021, a 42% increase compared to previous year.
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Source: SEC filing on March 14, 2022.