Lear CEO Raymond Scott's 2021 pay slips 10% to $13M
Lear reports 2021 executive compensation
By ExecPay News
Published: April 4, 2022
Lear reported fiscal year 2021 executive compensation information on April 4, 2022.
In 2021, five Lear executives received on average a compensation package of $5.9M, a 10% decrease compared to previous year.
Average pay of disclosed executives at Lear
Raymond E. Scott, Chief Executive Officer, received $13M in total, which decreased by 10% compared to 2020. 61% of Scott's compensation, or $8.1M, was in stock awards. Scott also received $1.9M in non-equity incentive plan, $1.7M in option awards, $1.2M in salary, as well as $418K in other compensation.
For fiscal year 2021, the median employee pay was $8,106 at Lear. Therefore, the ratio of Raymond E. Scott's pay to the median employee pay was 1,642 to one.
Frank C. Orsini, Executive Vice President, and President, Seating, received a compensation package of $4.6M, which decreased by 19% compared to previous year. 50% of the compensation package, or $2.3M, was in stock awards.
Jason M. Cardew, Chief Financial Officer, earned $4.3M in 2021, a 3% decrease compared to previous year.
Thomas A. DiDonato, Chief Administrative Officer, received $3.9M in 2021, which decreases by 9% compared to 2020.
Carl A. Esposito, Senior Vice President and President, E, Systems, earned $3.5M in 2021, a 4% decrease compared to previous year.
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Source: SEC filing on April 4, 2022.