Lear CEO Raymond Scott's 2018 pay jumps 81% to $9.9M

Lear reports 2018 executive compensation

By ExecPay News

Published: March 28, 2019

Lear reported fiscal year 2018 executive compensation information on March 28, 2019.
In 2018, six Lear executives received on average a compensation package of $4.6M, a 34% decrease compared to previous year.
Average pay of disclosed executives at Lear
Raymond E. Scott, Chief Executive Officer, received $9.9M in total, which increased by 81% compared to 2017. 70% of Scott's compensation, or $7M, was in stock awards. Scott also received $1.4M in non-equity incentive plan, $1.1M in salary, as well as $429K in other compensation.
For fiscal year 2018, the median employee pay was $10,063 at Lear. Therefore, the ratio of Raymond E. Scott's pay to the median employee pay was 987 to one.
Jeffrey H. Vanneste, Chief Financial Officer, received a compensation package of $4.4M, which decreased by 11% compared to previous year. 58% of the compensation package, or $2.5M, was in stock awards.
Terrence B. Larkin, General Counsel, earned $4.2M in 2018, a 15% decrease compared to previous year.
Frank C. Orsini, Executive Vice President, and President, Seating Former Senior Vice President and President, E, Systems, received $4.2M in 2018, which decreases by 4% compared to 2017.
Thomas A. DiDonato, Chief Administrative Officer, earned $3.5M in 2018.
Matthew J. Simoncini, Chief Executive Officer, received $1.4M in 2018, which decreases by 91% compared to 2017.

Related executives

Raymond Scott

Lear

Chief Executive Officer

Jeffrey Vanneste

Lear

Chief Financial Officer

Terrence Larkin

Lear

General Counsel

Frank Orsini

Lear

Executive Vice President, and President, Seating

Thomas DiDonato

Lear

Chief Administrative Officer

Matthew Simoncini

Lear

Chief Executive Officer

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Source: SEC filing on March 28, 2019.