Littelfuse CEO David Heinzmann's 2021 pay jumps 52% to $6.2M
Littelfuse reports 2021 executive compensation
By ExecPay News
Published: March 16, 2022
Littelfuse reported fiscal year 2021 executive compensation information on March 16, 2022.
In 2021, five Littelfuse executives received on average a compensation package of $3M, a 35% increase compared to previous year.
Average pay of disclosed executives at Littelfuse
David W. Heinzmann, Chief Executive Officer, received $6.2M in total, which increased by 52% compared to 2020. 33% of Heinzmann's compensation, or $2.1M, was in non-equity incentive plan. Heinzmann also received $1.4M in option awards, $922K in salary, $1.7M in stock awards, as well as $79K in other compensation.
For fiscal year 2021, the median employee pay was $22,176 at Littelfuse. Therefore, the ratio of David W. Heinzmann's pay to the median employee pay was 278 to one.
Ryan K. Stafford, Chief Legal Officer, received a compensation package of $3.1M, which increased by 71% compared to previous year. 30% of the compensation package, or $913K, was in stock awards.
Meenal A. Sethna, Chief Financial Officer, earned $2.4M in 2021, a 6% increase compared to previous year.
Deepak Nayar, Senior Vice President and General Manager, Electronics Business, received $1.8M in 2021, which decreases by 2% compared to 2020.
Maggie Chu, Chief Human Resources Officer, earned $1.4M in 2021.
Littelfuse's fiscal year ends on January 1.
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Source: SEC filing on March 16, 2022.