Barnes Group CEO Patrick Dempsey's 2020 pay slips 1% to $8.2M
Barnes Group reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Barnes Group reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, five executives at Barnes Group received on average a compensation package of $2.8M, a 7% increase compared to previous year.
Average pay of disclosed executives at Barnes Group
Patrick J. Dempsey, Chief Executive Officer, received $8.2M in total, which decreased by 1% compared to 2019. 51% of Dempsey's compensation, or $4.1M, was in stock awards. Dempsey also received $2.1M of change in pension value and nonqualified deferred compensation earnings, $135K in non-equity incentive plan, $865K in option awards, $720K in salary, as well as $149K in other compensation.
For fiscal year 2020, the median employee pay was $60,082 at Barnes Group. Therefore, the ratio of Patrick J. Dempsey's pay to the median employee pay was 136 to one.
Christopher J. Stephens, Jr, Chief Financial Officer, received a compensation package of $2.2M, which increased by 5% compared to previous year. 52% of the compensation package, or $1.1M, was in stock awards.
Michael A. Beck, Senior Vice President, Barnes Group Inc. and President, Barnes Aerospace, earned $1.4M in 2020, which is about the same as previous year.
Stephen G. Moule, Senior Vice President, Barnes Group Inc. and President, Barnes Industrial, received $1.2M in 2020, which increases by 40% compared to 2019.
Patrick T. Hurley, Chief Technology Officer, earned $870K in 2020, a 56% decrease compared to previous year.
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
Stephen Moule
Barnes Group
Senior Vice President, Barnes Group Inc and President, Barnes Industrial
Patrick Hurley
Barnes Group
Chief Technology Officer
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Source: SEC filing on March 26, 2021.