Crane CEO Max Mitchell's 2021 pay jumps 49% to $9.5M
Crane reports 2021 executive compensation
By ExecPay News
Published: April 15, 2022
Crane reported fiscal year 2021 executive compensation information on April 15, 2022.
In 2021, five Crane executives received on average a compensation package of $3.6M, a 43% increase compared to previous year.
Average pay of disclosed executives at Crane
Max H. Mitchell, Chief Executive Officer, received $9.5M in total, which increased by 49% compared to 2020. 42% of Mitchell's compensation, or $4M, was in stock awards. Mitchell also received $2.9M in non-equity incentive plan, $1.3M in option awards, $1.2M in salary, as well as $195K in other compensation.
For fiscal year 2021, the median employee pay was $55,772 at Crane. Therefore, the ratio of Max H. Mitchell's pay to the median employee pay was 170 to one.
Richard A. Maue, Chief Financial Officer, received a compensation package of $3.1M, which increased by 40% compared to previous year. 34% of the compensation package, or $1M, was in non-equity incentive plan.
Anthony M. D'Iorio, General Counsel, earned $2M in 2021, a 44% increase compared to previous year.
Kurt F. Gallo, Senior Vice President, received $1.9M in 2021, which increases by 27% compared to 2020.
Alejandro Alcala, Senior Vice President, earned $1.8M in 2021, a 37% increase compared to previous year.
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Source: SEC filing on April 15, 2022.