Regal Beloit CEO Louis Pinkham's 2021 pay rises 16% to $7.4M
Regal Beloit reports 2021 executive compensation
By ExecPay News
Published: March 17, 2022
Regal Beloit reported fiscal year 2021 executive compensation information on March 17, 2022.
In 2021, five executives at Regal Beloit received on average a compensation package of $3M, a 20% increase compared to previous year.
Average pay of disclosed executives at Regal Beloit
Louis V. Pinkham, Chief Executive Officer, received $7.4M in total, which increased by 16% compared to 2020. 41% of Pinkham's compensation, or $3M, was in stock awards. Pinkham also received $2M in non-equity incentive plan, $1.2M in option awards, $1M in salary, as well as $190K in other compensation.
For fiscal year 2021, the median employee pay was $18,252 at Regal Beloit. Therefore, the ratio of Louis V. Pinkham's pay to the median employee pay was 406 to one.
Robert J. Rehard, Chief Financial Officer, received a compensation package of $2.5M, which increased by 15% compared to previous year. 33% of the compensation package, or $842K, was in stock awards.
Jerrald R. Morton, President, Integration Motion Control Solutions, earned $1.8M in 2021, a 55% increase compared to previous year.
Thomas E. Valentyn, General Counsel, received $1.8M in 2021, which increases by 20% compared to 2020.
John C. Kunze, President, Climate Solutions Segment, earned $1.4M in 2021, a 20% increase compared to previous year.
Regal Beloit's fiscal year ends on January 1.
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Source: SEC filing on March 17, 2022.