Gorman-Rupp CEO Jeffrey Gorman's 2020 pay rises 2% to $1.2M
Gorman-Rupp reports 2020 executive compensation
By ExecPay News
Published: March 22, 2021
Gorman-Rupp reported fiscal year 2020 executive compensation information on March 22, 2021.
In 2020, four executives at Gorman-Rupp received on average a compensation package of $752K, a 22% increase compared to previous year.
Average pay of disclosed executives at Gorman-Rupp
Jeffrey S. Gorman, Chief Executive Officer, received $1.2M in total, which increased by 2% compared to 2019. 43% of Gorman's compensation, or $500K, was in salary. Gorman also received $195K in bonus, $257K of change in pension value and nonqualified deferred compensation earnings, $200K in stock awards, as well as $19K in other compensation.
For fiscal year 2020, the median employee pay was $56,668 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 $710K, which increased by 3% compared to previous year. 41% of the compensation package, or $293K, was in salary.
James C. Kerr, Chief Financial Officer, earned $628K in 2020, which is about the same as previous year.
Brigette A. Burnell, General Counsel, received $500K in 2020, which increases by 6% compared to 2019.
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Source: SEC filing on March 22, 2021.