Actuant CEO Randal Baker's 2021 pay rises 19% to $4.5M
Actuant reports 2021 executive compensation
By ExecPay News
Published: December 10, 2021
Actuant reported fiscal year 2021 executive compensation information on December 10, 2021.
In 2021, five Actuant executives received on average a compensation package of $1.8M, a 25% increase compared to previous year.
Average pay of disclosed executives at Actuant
Randal W. Baker, Chief Executive Officer, received $4.5M in total, which increased by 19% compared to 2020. 74% of Baker's compensation, or $3.3M, was in stock awards. Baker also received $11K of change in pension value and nonqualified deferred compensation earnings, $217K in non-equity incentive plan, $867K in salary, as well as $78K in other compensation.
For fiscal year 2021, the median employee pay was $43,620 at Actuant. Therefore, the ratio of Randal W. Baker's pay to the median employee pay was 103 to one.
Rick T. Dillon, Chief Financial Officer, received a compensation package of $1.4M, which increased by 20% compared to previous year. 53% of the compensation package, or $725K, was in stock awards.
John Jeffrey Schmaling, Chief Operating Officer, earned $1.3M in 2021, a 19% increase compared to previous year.
Fabrizio Rasetti, General Counsel, received $1.1M in 2021, which increases by 19% compared to 2020.
Barbara G. Bolens, Executive Vice President and Chief Strategy Officer, earned $778K in 2021, a 23% increase compared to previous year.
Actuant's fiscal year ends on August 31.
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Source: SEC filing on December 10, 2021.