SPX CEO Eugene Lowe's 2019 pay jumps 44% to $7.6M
SPX reports 2019 executive compensation
By ExecPay News
Published: April 2, 2020
SPX reported fiscal year 2019 executive compensation information on April 2, 2020.
In 2019, five SPX executives received on average a compensation package of $3M, a 36% increase compared to previous year.
Eugene J. Lowe, III, Chief Executive Officer, received $7.6M in total, which increased by 44% compared to 2018. 45.44% of Lowe's compensation, or $3.5M, was in stock awards. Lowe also received $2.2M in non-equity incentive plan, $1M in option awards, $877.7K in salary, as well as $61.9K in other compensation.
For fiscal year 2019, the median employee pay was $62,953 at SPX. Therefore, the ratio of Eugene J. Lowe, III's pay to the median employee pay was 121 to one.
Scott W. Sproule, Chief Financial Officer, received a compensation package of $2.2M, which increased by 33% compared to previous year. 34.36% of the compensation package, or $749K, was in stock awards.
J Randall Data, President, South Africa and Global Operations, earned $2.1M in 2019, a 34% increase compared to previous year.
John W. Swann, III, President, Heating and Location & Inspection, received $1.7M in 2019, which increases by 20% compared to 2018.
John W. Nurkin, General Counsel, earned $1.5M in 2019, a 26% increase compared to previous year.