Snap-on reports 2018 executive compensation

CEO Nicholas T. Pinchuk receives $8.9M

Snap-on reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, five Snap-on executives received on average a compensation package of $3,902,305, a 14% decrease compared to previous year.

Average pay of disclosed executives at Snap-on

Nicholas T. Pinchuk, Chief Executive Officer, received $8,896,358 in total, which decreased by 11% compared to 2017. 38.82% of Pinchuk's compensation, or $3,453,604, was in stock awards. Pinchuk also received $255,716 of change in pension value and nonqualified deferred compensation earnings, $796,145 in non-equity incentive plan, $3,003,052 in option awards, $1,126,219 in salary, as well as $261,622 in other compensation.

Thomas J. Ward, Senior Vice President and President-Repair Systems & Information Group, received a compensation package of $2,908,668, which decreased by 31% compared to previous year. 36.86% of the compensation package, or $1,072,008, was in stock awards.

Aldo J. Pagliari, Chief Financial Officer, earned $2,745,859 in 2018, a 7% decrease compared to previous year.

Thomas L. Kassouf, Senior Vice President and President-Snap-on Tools Group, received $2,608,300 in 2018, which decreases by 15% compared to 2017.

Anup R. Banerjee, Senior Vice President-Human Resources and Chief Development Officer, earned $2,352,340 in 2018, a 2% increase compared to previous year.

Snap-on's fiscal year ends on December 29.