Parker-Hannifin CEO Thomas Williams' 2018 pay rises 19% to $18M
Parker-Hannifin reports 2018 executive compensation
By ExecPay News
Published: September 24, 2018
Parker-Hannifin reported fiscal year 2018 executive compensation information on September 24, 2018.
In 2018, five executives at Parker-Hannifin received on average a compensation package of $7.7M, a 21% increase compared to previous year.
Average pay of disclosed executives at Parker-Hannifin
Thomas L. Williams, Chief Executive Officer, received $18M in total, which increased by 19% compared to 2017. 33% of Williams' compensation, or $6.1M, was in stock awards. Williams also received $5.7M of change in pension value and nonqualified deferred compensation earnings, $2.2M in non-equity incentive plan, $3M in option awards, $1.2M in salary, as well as $174K in other compensation.
Lee C. Banks, Chief Operating Officer, received a compensation package of $8.9M, which increased by 18% compared to previous year. 33% of the compensation package, or $2.9M, was in stock awards.
Catherine A. Suever, Chief Financial Officer, earned $5.5M in 2018, a 55% increase compared to previous year.
Joseph R. Leonti, General Counsel, received $2.9M in 2018, which increases by 9% compared to 2017.
Robert W. Malone, Vice President and President - Filtration Group, earned $2.9M in 2018, a 7% increase compared to previous year.
Parker-Hannifin's fiscal year ends on June 30.
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Source: SEC filing on September 24, 2018.