Manitowoc Co CEO Barry Pennypacker's 2018 pay slips 11% to $5.1M
Manitowoc Co reports 2018 executive compensation
By ExecPay News
Published: March 27, 2019
Manitowoc Co reported fiscal year 2018 executive compensation information on March 27, 2019.
In 2018, five executives at Manitowoc Co received on average a compensation package of $2.4M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Manitowoc Co
Barry L. Pennypacker, Chief Executive Officer, received $5.1M in total, which decreased by 11% compared to 2017. 34% of Pennypacker's compensation, or $1.7M, was in non-equity incentive plan. Pennypacker also received $1.1M in option awards, $996K in salary, $1.1M in stock awards, as well as $180K in other compensation.
For fiscal year 2018, the median employee pay was $56,044 at Manitowoc Co. Therefore, the ratio of Barry L. Pennypacker's pay to the median employee pay was 91 to one.
David J. Antoniuk, Chief Financial Officer, received a compensation package of $1.9M, which decreased by 8% compared to previous year. 34% of the compensation package, or $653K, was in non-equity incentive plan.
Aaron H. Ravenscroft, Executive Vice President, Cranes, earned $1.8M in 2018, a 17% increase compared to previous year.
Peter A. Ruck, Senior Vice President, Business Development, received $1.6M in 2018.
Thomas L. Doerr, Jr, General Counsel, earned $1.3M in 2018.
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Source: SEC filing on March 27, 2019.