Ford Motor CEO James Hackett's 2019 pay slips 2% to $17M
Ford Motor reports 2019 executive compensation
By ExecPay News
Published: April 3, 2020
Ford Motor reported fiscal year 2019 executive compensation information on April 3, 2020.
In 2019, six Ford Motor executives received on average a compensation package of $12M, a 13% increase compared to previous year.
Average pay of disclosed executives at Ford Motor
James P. Hackett, Chief Executive Officer, received $17M in total, which decreased by 2% compared to 2018. 76% of Hackett's compensation, or $13M, was in stock awards. Hackett also received $1.7M in non-equity incentive plan, $1.8M in salary, as well as $618K in other compensation.
For fiscal year 2019, the median employee pay was $110,706 at Ford Motor. Therefore, the ratio of James P. Hackett's pay to the median employee pay was 157 to one.
William Clay Ford, Jr, Chairman, received a compensation package of $17M, which increased by 21% compared to previous year. 62% of the compensation package, or $10M, was in stock awards.
Joseph R. Hinrichs, President — Automotive, earned $11M in 2019, a 89% increase compared to previous year.
James D. Farley, Jr, President — New Businesses, Technology and Strategy, received $8.4M in 2019, which increases by 43% compared to 2018.
Tim Stone, Chief Financial Officer, earned $8.3M in 2019.
Robert L. Shanks, Chief Financial Officer, received $8.3M in 2019, which decreases by 1% compared to 2018.
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Source: SEC filing on April 3, 2020.