Gorman-Rupp CEO Jeffrey Gorman's 2018 pay rises 14% to $1.1M

Gorman-Rupp reports 2018 executive compensation

By ExecPay News

Published: March 22, 2019

Gorman-Rupp reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, four executives at Gorman-Rupp received on average a compensation package of $583K, a 13% increase compared to previous year.
Average pay of disclosed executives at Gorman-Rupp
Jeffrey S. Gorman, Chief Executive Officer, received $1.1M in total, which increased by 14% compared to 2017. 42% of Gorman's compensation, or $460K, was in salary. Gorman also received $245K in bonus, $179K of change in pension value and nonqualified deferred compensation earnings, $200K in stock awards, as well as $9.1K in other compensation.
For fiscal year 2018, the median employee pay was $55,892 at Gorman-Rupp. Therefore, the ratio of Jeffrey S. Gorman's pay to the median employee pay was 20 to one.
James C. Kerr, Chief Financial Officer, received a compensation package of $622K, which increased by 10% compared to previous year. 44% of the compensation package, or $273K, was in salary.
Brigette A. Burnell, General Counsel, earned $475K in 2018, a 21% increase compared to previous year.
James C. Gorman, Chairman, received $143K in 2018, which increases by 2% compared to 2017.

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Source: SEC filing on March 22, 2019.