Genuine Parts Company CEO Paul Donahue's 2021 pay jumps 39% to $12M
Genuine Parts Company reports 2021 executive compensation
By ExecPay News
Published: March 1, 2022
Genuine Parts Company reported fiscal year 2021 executive compensation information on March 1, 2022.
In 2021, five executives at Genuine Parts Company received on average a compensation package of $4.9M, a 41% increase compared to previous year.
Average pay of disclosed executives at Genuine Parts Company
Paul D. Donahue, Chief Executive Officer, received $12M in total, which increased by 39% compared to 2020. 47% of Donahue's compensation, or $5.6M, was in stock awards. Donahue also received $1.8M of change in pension value and nonqualified deferred compensation earnings, $2.9M in non-equity incentive plan, $1.2M in salary, as well as $254K in other compensation.
For fiscal year 2021, the median employee pay was $41,606 at Genuine Parts Company. Therefore, the ratio of Paul D. Donahue's pay to the median employee pay was 284 to one.
William P. Stengel, President, received a compensation package of $4.2M. 48% of the compensation package, or $2M, was in stock awards.
Carol B. Yancey, Chief Financial Officer, earned $4.1M in 2021, a 16% increase compared to previous year.
Kevin E. Herron, President — U.S. Automotive Parts Group, received $2.3M in 2021, which increases by 11% compared to 2020.
Randall P. Breaux, President — Motion Industries, earned $2.1M in 2021, a 28% increase compared to previous year.
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Source: SEC filing on March 1, 2022.