Manitowoc Co CEO Barry Pennypacker's 2019 pay jumps 25% to $6.4M
Manitowoc Co reports 2019 executive compensation
By ExecPay News
Published: March 26, 2020
Manitowoc Co reported fiscal year 2019 executive compensation information on March 26, 2020.
In 2019, five executives at Manitowoc Co received on average a compensation package of $2.8M, a 19% increase compared to previous year.
Barry L. Pennypacker, Chief Executive Officer, received $6.4M in total, which increased by 25% compared to 2018. 40.61% of Pennypacker's compensation, or $2.6M, was in stock awards. Pennypacker also received $1.9M in non-equity incentive plan, $617.1K in option awards, $1M in salary, as well as $308.2K 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. 29.90% 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.