Barnes Group CEO Patrick Dempsey's 2018 pay slips 20% to $6.8M
Barnes Group reports 2018 executive compensation
By ExecPay News
Published: March 27, 2020
Barnes Group reported fiscal year 2018 executive compensation information on March 27, 2020.
In 2018, six executives at Barnes Group received on average a compensation package of $2.2M, a 5% decrease compared to previous year.
Average pay of disclosed executives at Barnes Group
Patrick J. Dempsey, Chief Executive Officer, received $6.8M in total, which decreased by 20% compared to 2017. 49% of Dempsey's compensation, or $3.4M, was in stock awards. Dempsey also received $644K of change in pension value and nonqualified deferred compensation earnings, $1M in non-equity incentive plan, $760K in option awards, $863K in salary, as well as $159K in other compensation.
For fiscal year 2018, the median employee pay was $62,798 at Barnes Group. Therefore, the ratio of Patrick J. Dempsey's pay to the median employee pay was 108 to one.
Christopher J. Stephens, Jr, Chief Financial Officer, received a compensation package of $2.1M, which decreased by 5% compared to previous year. 36% of the compensation package, or $746K, was in stock awards.
Michael A. Beck, SVP and President, Barnes Aerospace, earned $1.4M in 2018, which is about the same as previous year.
Scott A. Mayo, SVP and President, Barnes Industrial, received $1.2M in 2018, which decreases by 17% compared to 2017.
Dawn N. Edwards, SVP, Human Resources, earned $990K in 2018, a 20% decrease compared to previous year.
Peter A. Gutermann, General Counsel, received $667K in 2018, which increases by 43% compared to 2017.
Related executives
Peter Gutermann
Barnes Group
General Counsel
Patrick Dempsey
Barnes Group
Chief Executive Officer
Christopher Stephens
Barnes Group
Chief Financial Officer
Scott Mayo
Barnes Group
SVP and President, Barnes Industrial
Michael Beck
Barnes Group
Senior Vice President, Barnes Group Inc and President, Barnes Aerospace
Dawn Edwards
Barnes Group
SVP, Human Resources
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Source: SEC filing on March 27, 2020.