Regal Beloit CEO Mark Gliebe's 2018 pay slips 10% to $7.1M
Regal Beloit reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
Regal Beloit reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, six executives at Regal Beloit received on average a compensation package of $2.3M, a 25% decrease compared to previous year.
Average pay of disclosed executives at Regal Beloit
Mark J. Gliebe, Chief Executive Officer, received $7.1M in total, which decreased by 10% compared to 2017. 41% of Gliebe's compensation, or $2.9M, was in stock awards. Gliebe also received $425K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $1.5M in option awards, $995K in salary, as well as $82K in other compensation.
For fiscal year 2018, the median employee pay was $12,688 at Regal Beloit. Therefore, the ratio of Mark J. Gliebe's pay to the median employee pay was 558 to one.
Jonathan J. Schlemmer, Chief Operating Officer, received a compensation package of $2.7M, which decreased by 4% compared to previous year. 30% of the compensation package, or $787K, was in stock awards.
Thomas E. Valentyn, General Counsel, earned $1.3M in 2018, a 13% increase compared to previous year.
Terry R. Colvin, Vice President, Corporate Human Resources, received $1.2M in 2018, which decreases by 3% compared to 2017.
Robert J. Rehard, Chief Financial Officer, earned $1.1M in 2018.
Charles A. Hinrichs, Chief Financial Officer, received $468K in 2018, which decreases by 79% compared to 2017.
Regal Beloit's fiscal year ends on January 1.
Related executives
Mark Gliebe
Regal Beloit
Chief Executive Officer
Robert Rehard
Regal Beloit
Chief Financial Officer
Charles Hinrichs
Regal Beloit
Chief Financial Officer
Jonathan Schlemmer
Regal Beloit
Chief Operating Officer
Thomas Valentyn
Regal Beloit
General Counsel
Terry Colvin
Regal Beloit
Vice President, Corporate Human Resources
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Source: SEC filing on March 21, 2019.