Manitowoc Co CEO Barry Pennypacker's 2019 pay jumps 25% to $6.4M
Manitowoc Co reports 2019 executive compensation
By ExecPay News
Published: March 25, 2021
Manitowoc Co reported fiscal year 2019 executive compensation information on March 25, 2021.
In 2019, six executives at Manitowoc Co received on average a compensation package of $2.5M, a 7% increase compared to previous year.
Average pay of disclosed executives at Manitowoc Co
Barry L. Pennypacker, Chief Executive Officer, received $6.4M in total, which increased by 25% compared to 2018. 41% of Pennypacker's compensation, or $2.6M, was in stock awards. Pennypacker also received $1.9M in non-equity incentive plan, $617K in option awards, $1M in salary, as well as $308K in other compensation.
For fiscal year 2019, the median employee pay was $61,661 at Manitowoc Co. Therefore, the ratio of Barry L. Pennypacker's pay to the median employee pay was 103 to one.
Aaron H. Ravenscroft, Executive Vice President, Cranes, received a compensation package of $2.5M, which increased by 39% compared to previous year. 30% of the compensation package, or $753K, was in stock awards.
David J. Antoniuk, Chief Financial Officer, earned $2.3M in 2019, a 19% increase compared to previous year.
Thomas L. Doerr, Jr, General Counsel, received $1.4M in 2019, which increases by 8% compared to 2018.
Terrance L. Collins, Senior Vice President, Human Resources, earned $1.4M in 2019.
Peter A. Ruck, Former Senior Vice President, Business Development, received $1.2M in 2019, which decreases by 27% compared to 2018.
Related executives
Peter Ruck
Manitowoc Co
Former Senior Vice President, Business Development
Barry Pennypacker
Manitowoc Co
Chief Executive Officer
David Antoniuk
Manitowoc Co
Chief Financial Officer
Aaron Ravenscroft
Manitowoc Co
Chief Executive Officer
Thomas Doerr
Manitowoc Co
General Counsel
Terrance Collins
Manitowoc Co
Executive Vice President, Human Resources
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Source: SEC filing on March 25, 2021.