Applied Industrial Technologies CEO Neil Schrimsher's 2020 pay rises 5% to $4.7M

Applied Industrial Technologies reports 2020 executive compensation

By ExecPay News

Published: September 11, 2020

Applied Industrial Technologies reported fiscal year 2020 executive compensation information on September 11, 2020.

In 2020, five executives at Applied Industrial Technologies received on average a compensation package of $2M, a 14% increase compared to previous year.

Average pay of disclosed executives at Applied Industrial Technologies

Neil A. Schrimsher, Chief Executive Officer, received $4.7M in total, which increased by 5% compared to 2019. 45% of Schrimsher's compensation, or $2.1M, was in stock awards. Schrimsher also received $943K in non-equity incentive plan, $610K in option awards, $864K in salary, as well as $159K in other compensation.

Fred D. Bauer, General Counsel, received a compensation package of $2M, which increased by 65% compared to previous year. 46% of the compensation package, or $927K, was of change in pension value and nonqualified deferred compensation earnings.

David K. Wells, Chief Financial Officer, earned $1.2M in 2020, a 7% increase compared to previous year.

Warren E. Hoffner, Vice President, General Manager - Fluid Power & Flow Control, received $1M in 2020, which increases by 10% compared to 2019.

Kurt W. Loring, Chief Human Resources Officer, earned $965K in 2020, a 4% increase compared to previous year.

Applied Industrial Technologies' fiscal year ends on June 30.