Gorman-Rupp CEO Jeffrey Gorman's 2019 pay rises 5% to $1.1M
Gorman-Rupp reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
Gorman-Rupp reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, five executives at Gorman-Rupp received on average a compensation package of $617K, a 6% 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 5% compared to 2018. 42% of Gorman's compensation, or $485K, was in salary. Gorman also received $225K in bonus, $216K of change in pension value and nonqualified deferred compensation earnings, $200K in stock awards, as well as $18K in other compensation.
For fiscal year 2019, the median employee pay was $54,267 at Gorman-Rupp. Therefore, the ratio of Jeffrey S. Gorman's pay to the median employee pay was 21 to one.
Scott A. King, Chief Operating Officer, received a compensation package of $688K. 37% of the compensation package, or $252K, was in salary.
James C. Kerr, Chief Financial Officer, earned $629K in 2019, a 1% increase compared to previous year.
Brigette A. Burnell, General Counsel, received $472K in 2019, which decreases by 1% compared to 2018.
James C. Gorman, Chairman, earned $151K in 2019, a 6% increase compared to previous year.
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Source: SEC filing on March 20, 2020.