Barnes Group CEO Patrick Dempsey's 2021 pay jumps 29% to $10M
Barnes Group reports 2021 executive compensation
By ExecPay News
Published: March 25, 2022
Barnes Group reported fiscal year 2021 executive compensation information on March 25, 2022.
In 2021, six executives at Barnes Group received on average a compensation package of $3.1M, a 14% increase compared to previous year.
Average pay of disclosed executives at Barnes Group
Patrick J. Dempsey, Chief Executive Officer, received $10M in total, which increased by 29% compared to 2020. 40% of Dempsey's compensation, or $4.2M, was in stock awards. Dempsey also received $2M of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $1.3M in option awards, $900K in salary, as well as $190K in other compensation.
For fiscal year 2021, the median employee pay was $54,760 at Barnes Group. Therefore, the ratio of Patrick J. Dempsey's pay to the median employee pay was 192 to one.
Stephen G. Moule, Senior Vice President, Barnes Group Inc and President, Barnes Industrial, received a compensation package of $2M, which increased by 77% compared to previous year. 31% of the compensation package, or $628K, was in stock awards.
Michael A. Beck, Senior Vice President, Barnes Group Inc and President, Barnes Aerospace, earned $1.9M in 2021, a 38% increase compared to previous year.
Julie K. Streich, Chief Financial Officer, received $1.7M in 2021.
Patrick T. Hurley, Chief Technology Officer, earned $1.6M in 2021, a 79% increase compared to previous year.
Marian Acker, Vice President, Controller, Barnes Group Inc, received $1.2M in 2021.
Related executives
Patrick Dempsey
Barnes Group
Chief Executive Officer
Julie Streich
Barnes Group
Chief Financial Officer
Marian Acker
Barnes Group
Vice President, Controller, Barnes Group Inc
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 25, 2022.