Manitowoc Co CEO Aaron Ravenscroft's 2021 pay jumps 75% to $5M
Manitowoc Co reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Manitowoc Co reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, five executives at Manitowoc Co received on average a compensation package of $2.4M, a 29% increase compared to previous year.
Average pay of disclosed executives at Manitowoc Co
Aaron H. Ravenscroft, Chief Executive Officer, received $5M in total, which increased by 75% compared to 2020. 50% of Ravenscroft's compensation, or $2.5M, was in stock awards. Ravenscroft also received $1.5M in non-equity incentive plan, $800K in salary, as well as $118K in other compensation.
For fiscal year 2021, the median employee pay was $53,696 at Manitowoc Co. Therefore, the ratio of Aaron H. Ravenscroft's pay to the median employee pay was 92 to one.
David J. Antoniuk, Chief Financial Officer, received a compensation package of $2.5M, which increased by 44% compared to previous year. 47% of the compensation package, or $1.2M, was in stock awards.
Thomas L. Doerr, Jr, General Counsel, earned $1.7M in 2021, a 45% increase compared to previous year.
Leslie L. Middleton, Executive Vice President, Americas and EU Mobile Cranes, received $1.6M in 2021, which increases by 127% compared to 2020.
Terrance L. Collins, Executive Vice President, Human Resources, earned $1.5M in 2021, a 46% increase compared to previous year.
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Source: SEC filing on March 24, 2022.