Hexcel CEO Nick Stanage's 2021 pay jumps 23% to $9.8M
Hexcel reports 2021 executive compensation
By ExecPay News
Published: March 23, 2022
Hexcel reported fiscal year 2021 executive compensation information on March 23, 2022.
In 2021, five Hexcel executives received on average a compensation package of $3.7M, a 50% increase compared to previous year.
Average pay of disclosed executives at Hexcel
Nick L. Stanage, Chief Executive Officer, received $9.8M in total, which increased by 23% compared to 2020. 42% of Stanage's compensation, or $4.1M, was in stock awards. Stanage also received $929K of change in pension value and nonqualified deferred compensation earnings, $1.1M in non-equity incentive plan, $2.5M in option awards, $1M in salary, as well as $138K in other compensation.
For fiscal year 2021, the median employee pay was $65,589 at Hexcel. Therefore, the ratio of Nick L. Stanage's pay to the median employee pay was 149 to one.
Patrick J. Winterlich, Chief Financial Officer, received a compensation package of $2.7M, which increased by 75% compared to previous year. 39% of the compensation package, or $1.1M, was in stock awards.
Robert G. Hennemuth, EVP, Human Resources and Communications, earned $2.1M in 2021, a 25% increase compared to previous year.
Gail E. Lehman, General Counsel, received $2M in 2021, which increases by 61% compared to 2020.
Thierry Merlot, President, Aerospace Europe, Middle East, Africa and Asia Pacific and Industrial, earned $1.7M in 2021, a 59% increase compared to previous year.
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Source: SEC filing on March 23, 2022.