FARO Technologies CEO Michael Burger's 2021 pay rises 13% to $4M
FARO Technologies reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
FARO Technologies reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, four executives at FARO Technologies received on average a compensation package of $1.8M, a 11% increase compared to previous year.
Average pay of disclosed executives at FARO Technologies
Michael D. Burger, Chief Executive Officer, received $4M in total, which increased by 13% compared to 2020. 72% of Burger's compensation, or $2.8M, was in stock awards. Burger also received $413K in non-equity incentive plan, $700K in salary, as well as $12K in other compensation.
For fiscal year 2021, the median employee pay was $57,631 at FARO Technologies. Therefore, the ratio of Michael D. Burger's pay to the median employee pay was 69 to one.
Allen Muhich, Chief Financial Officer, received a compensation package of $1.4M, which increased by 12% compared to previous year. 62% of the compensation package, or $871K, was in stock awards.
Kevin Beadle, Senior Vice President of Sales, earned $880K in 2021, a 9% increase compared to previous year.
Katrona Tyrrell, Former Chief People Officer, received $831K in 2021, which increases by 6% compared to 2020.
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Source: SEC filing on April 14, 2022.