Carrier Global Corp CEO David Gitlin's 2020 pay jumps 100% to $15M
Carrier Global Corp reports 2020 executive compensation
By ExecPay News
Published: March 8, 2021
Carrier Global Corp reported fiscal year 2020 executive compensation information on March 8, 2021.
In 2020, six executives at Carrier Global Corp received on average a compensation package of $7.4M, a 25% increase compared to previous year.
Average pay of disclosed executives at Carrier Global Corp
David Gitlin, Chief Executive Officer, received $15M in total, which increased by 100% compared to 2019. 38% of Gitlin's compensation, or $5.8M, was in stock awards. Gitlin also received $2.1M in bonus, $303K of change in pension value and nonqualified deferred compensation earnings, $5.2M in option awards, $958K in salary, as well as $1.1M in other compensation.
For fiscal year 2020, the median employee pay was $63,371 at Carrier Global Corp. Therefore, the ratio of David Gitlin's pay to the median employee pay was 244 to one.
Kevin J. O'Connor, Chief Legal Officer, received a compensation package of $7.4M. 46% of the compensation package, or $3.4M, was in stock awards.
Timothy McLevish, Chief Executive Officer, earned $6.7M in 2020, a 59% increase compared to previous year.
Patrick Goris, Chief Financial Officer, received $5.1M in 2020.
David Appel, President, Refrigeration, earned $4.8M in 2020.
Christopher Nelson, President, HVAC, received $4.8M in 2020, which decreases by 18% compared to 2019.
Related executives
David Gitlin
Carrier Global Corp
Chief Executive Officer
Patrick Goris
Carrier Global Corp
Chief Financial Officer
Kevin O'Connor
Carrier Global Corp
Chief Legal Officer
David Appel
Carrier Global Corp
President, Refrigeration
Christopher Nelson
Carrier Global Corp
President, HVAC
Timothy McLevish
Carrier Global Corp
Chief Executive Officer
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Source: SEC filing on March 8, 2021.