Barnes Group CEO Patrick Dempsey's 2019 pay jumps 22% to $8.3M
Barnes Group reports 2019 executive compensation
By ExecPay News
Published: March 27, 2020
Barnes Group reported fiscal year 2019 executive compensation information on March 27, 2020.
In 2019, six executives at Barnes Group received on average a compensation package of $2.6M, a 18% increase compared to previous year.
Average pay of disclosed executives at Barnes Group
Patrick J. Dempsey, Chief Executive Officer, received $8.3M in total, which increased by 22% compared to 2018. 49% of Dempsey's compensation, or $4M, was in stock awards. Dempsey also received $2.1M of change in pension value and nonqualified deferred compensation earnings, $182K in non-equity incentive plan, $880K in option awards, $894K in salary, as well as $150K in other compensation.
For fiscal year 2019, the median employee pay was $65,471 at Barnes Group. Therefore, the ratio of Patrick J. Dempsey's pay to the median employee pay was 126 to one.
Christopher J. Stephens, Jr, Chief Financial Officer, received a compensation package of $2.1M, which decreased by 1% compared to previous year. 44% of the compensation package, or $908K, was in stock awards.
Patrick T. Hurley, Chief Technology Officer, earned $2M in 2019.
Michael A. Beck, Senior Vice President, Barnes Group Inc and President, Barnes Aerospace, received $1.4M in 2019, which increases by 3% compared to 2018.
Peter A. Gutermann, General Counsel, earned $963K in 2019, a 44% increase compared to previous year.
Stephen G. Moule, Senior Vice President, Barnes Group Inc. and President, Barnes Industrial, received $825K in 2019.
Related executives
Patrick Dempsey
Barnes Group
Chief Executive Officer
Christopher Stephens
Barnes Group
Chief Financial Officer
Michael Beck
Barnes Group
Senior Vice President, Barnes Group Inc and President, Barnes Aerospace
Peter Gutermann
Barnes Group
General Counsel
Patrick Hurley
Barnes Group
Chief Technology Officer
Stephen Moule
Barnes Group
Senior Vice President, Barnes Group Inc and President, Barnes Industrial
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Source: SEC filing on March 27, 2020.