EnerSys CEO David Shaffer's 2022 pay slips 2% to $6.9M
EnerSys reports 2022 executive compensation
By ExecPay News
Published: June 23, 2022
EnerSys reported fiscal year 2022 executive compensation information on June 23, 2022.
In 2022, five EnerSys executives received on average a compensation package of $2.8M, a 37% decrease compared to previous year.
Average pay of disclosed executives at EnerSys
David M. Shaffer, Chief Executive Officer, received $6.9M in total, which decreased by 2% compared to 2021. 34% of Shaffer's compensation, or $2.3M, was in option awards. Shaffer also received $1.2M in non-equity incentive plan, $1M in salary, $2.3M in stock awards, as well as $37K in other compensation.
For fiscal year 2022, the median employee pay was $60,376 at EnerSys. Therefore, the ratio of David M. Shaffer's pay to the median employee pay was 113 to one.
Michael J. Schmidtlein, Chief Financial Officer, received a compensation package of $2.3M. 29% of the compensation package, or $687K, was in option awards.
Andrew M. Zogby, President, Energy Systems Global, earned $1.8M in 2022.
Shawn O'Connell, President, Motive Power Global, received $1.7M in 2022, which decreases by 6% compared to 2021.
Joern Tinnemeyer, Chief Technology Officer, earned $1.3M in 2022.
EnerSys' fiscal year ends on March 31.
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Source: SEC filing on June 23, 2022.