Gorman-Rupp Chairman Jeffrey Gorman's 2021 pay slips 8% to $1.1M
Gorman-Rupp reports 2021 executive compensation
By ExecPay News
Published: March 21, 2022
Gorman-Rupp reported fiscal year 2021 executive compensation information on March 21, 2022.
In 2021, four executives at Gorman-Rupp received on average a compensation package of $896K, a 19% increase compared to previous year.
Average pay of disclosed executives at Gorman-Rupp
Jeffrey S. Gorman, Chairman, received $1.1M in total, which decreased by 8% compared to 2020. 42% of Gorman's compensation, or $450K, was in salary. Gorman also received $220K in bonus, $125K of change in pension value and nonqualified deferred compensation earnings, $250K in stock awards, as well as $33K in other compensation.
Scott A. King, Chief Executive Officer, received a compensation package of $988K, which increased by 39% compared to previous year. 39% of the compensation package, or $385K, was in stock awards.
James C. Kerr, Chief Financial Officer, earned $820K in 2021, a 31% increase compared to previous year.
Brigette A. Burnell, General Counsel, received $698K in 2021, which increases by 40% compared to 2020.
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Source: SEC filing on March 21, 2022.