Crane CEO Max Mitchell's 2020 pay slips 12% to $6.4M
Crane reports 2020 executive compensation
By ExecPay News
Published: March 12, 2021
Crane reported fiscal year 2020 executive compensation information on March 12, 2021.
In 2020, five Crane executives received on average a compensation package of $2.5M, a 17% decrease compared to previous year.
Average pay of disclosed executives at Crane
Max H. Mitchell, Chief Executive Officer, received $6.4M in total, which decreased by 12% compared to 2019. 50% of Mitchell's compensation, or $3.2M, was in stock awards. Mitchell also received $185K of change in pension value and nonqualified deferred compensation earnings, $157K in non-equity incentive plan, $1.9M in option awards, $857K in salary, as well as $116K in other compensation.
For fiscal year 2020, the median employee pay was $67,107 at Crane. Therefore, the ratio of Max H. Mitchell's pay to the median employee pay was 95 to one.
Richard A. Maue, Chief Financial Officer, received a compensation package of $2.2M, which decreased by 9% compared to previous year. 39% of the compensation package, or $848K, was in stock awards.
Kurt F. Gallo, Senior Vice President, earned $1.5M in 2020, a 17% increase compared to previous year.
Anthony M. D'Iorio, General Counsel, received $1.4M in 2020, which decreases by 2% compared to 2019.
Alejandro Alcala, Senior Vice President, earned $1.3M in 2020.
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Source: SEC filing on March 12, 2021.