Illinois Tool Works Chairman W Farrell receives $13M in 2006
Illinois Tool Works reports 2006 executive compensation
By ExecPay News
Published: March 23, 2007
Illinois Tool Works reported fiscal year 2006 executive compensation information on March 23, 2007.
In 2006, six executives at Illinois Tool Works received on average a compensation package of $4.3M.
Average pay of disclosed executives at Illinois Tool Works
W. James Farrell, Chairman, received $13M in total. 46% of Farrell's compensation, or $6M, was in bonus. Farrell also received $3.4M of change in pension value and nonqualified deferred compensation earnings, $428K in salary, $2.6M in stock awards, as well as $525K in other compensation.
David B. Speer, Chief Executive Officer, received a compensation package of $5.4M. 31% of the compensation package, or $1.7M, was in option awards.
Thomas J. Hansen, Chairman, earned $2.4M in 2006.
Hugh J. Zentmyer, Executive Vice President, received $2.1M in 2006.
Russell M. Flaum, Executive Vice President, earned $2M in 2006.
Ronald D. Kropp, Chief Financial Officer, received $633K in 2006.
Related executives
W Farrell
Illinois Tool Works
Chairman
David Speer
Illinois Tool Works
Chief Executive Officer
Ronald Kropp
Illinois Tool Works
Chief Financial Officer
Thomas Hansen
Illinois Tool Works
Chairman
Russell Flaum
Illinois Tool Works
Former Executive Vice President
Hugh Zentmyer
Illinois Tool Works
Executive Vice President
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Source: SEC filing on March 23, 2007.