Sun Hydraulics CEO Josef Matosevic's 2021 pay jumps 125% to $5.3M
Sun Hydraulics reports 2021 executive compensation
By ExecPay News
Published: April 27, 2022
Sun Hydraulics reported fiscal year 2021 executive compensation information on April 27, 2022.
In 2021, six executives at Sun Hydraulics received on average a compensation package of $1.9M, a 46% increase compared to previous year.
Average pay of disclosed executives at Sun Hydraulics
Josef Matosevic, Chief Executive Officer, received $5.3M in total, which increased by 139% compared to 2020. 36% of Matosevic's compensation, or $1.9M, was in stock awards. Matosevic also received $813K in bonus, $1.6M in non-equity incentive plan, $225K in option awards, $786K in salary, as well as $26K in other compensation.
For fiscal year 2021, the median employee pay was $47,502 at Sun Hydraulics. Therefore, the ratio of Josef Matosevic's pay to the median employee pay was 112 to one.
Tricia L. Fulton, Chief Financial Officer, received a compensation package of $2.1M, which increased by 39% compared to previous year. 34% of the compensation package, or $732K, was in stock awards.
Melanie M. Nealis, Chief Legal Officer, earned $1.4M in 2021, a 22% increase compared to previous year.
Matteo Arduini, President, QRC, received $1M in 2021, which increases by 25% compared to 2020.
Jinger McPeak, Former President, Electronic Controls, earned $865K in 2021, a 5% increase compared to previous year.
Jason Morgan, President, CVT, received $689K in 2021.
Sun Hydraulics' fiscal year ends on January 1.
Related executives
Josef Matosevic
Sun Hydraulics
Chief Executive Officer
Tricia Fulton
Sun Hydraulics
Chief Financial Officer
Melanie Nealis
Sun Hydraulics
Chief Legal Officer
Jinger McPeak
Sun Hydraulics
Former President, Electronic Controls
Matteo Arduini
Sun Hydraulics
President, QRC
Jason Morgan
Sun Hydraulics
President, CVT
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Source: SEC filing on April 27, 2022.