Meritor Chairman Jeffrey Craig's 2021 pay jumps 37% to $8.7M
Meritor reports 2021 executive compensation
By ExecPay News
Published: December 17, 2021
Meritor reported fiscal year 2021 executive compensation information on December 17, 2021.
In 2021, six Meritor executives received on average a compensation package of $4M, a 54% increase compared to previous year.
Average pay of disclosed executives at Meritor
Jeffrey A. Craig, Chairman, received $8.7M in total, which increased by 37% compared to 2020. 77% of Craig's compensation, or $6.7M, was in stock awards. Craig also received $1.1M in non-equity incentive plan, $833K in salary, as well as $86K in other compensation.
Chris Villavarayan, Chief Executive Officer, received a compensation package of $7.6M, which increased by 233% compared to previous year. 70% of the compensation package, or $5.3M, was in stock awards.
Carl D. Anderson II, Chief Financial Officer, earned $2.8M in 2021, a 20% increase compared to previous year.
Timothy Bowes, Senior Vice President and President, Electrification, Industrial and North America Aftermarket, received $1.6M in 2021.
John Nelligan, Senior Vice President and President, Truck, Americas, earned $1.6M in 2021.
Hannah S. Lim-Johnson, Chief Legal Officer, received $1.6M in 2021, which increases by 114% compared to 2020.
Meritor's fiscal year ends on September 30.
Related executives
Chris Villavarayan
Meritor
Chief Executive Officer
Jeffrey Craig
Meritor
Chairman
Carl Anderson
Meritor
Chief Financial Officer
Timothy Bowes
Meritor
Senior Vice President and President, Electrification, Industrial and North America Aftermarket
John Nelligan
Meritor
Senior Vice President and President, Truck, Americas
Hannah Lim-Johnson
Meritor
Chief Legal Officer
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Source: SEC filing on December 17, 2021.