SPX CEO Eugene Lowe's 2020 pay slips 20% to $6.1M
SPX reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
SPX reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, seven SPX executives received on average a compensation package of $2.1M, a 29% decrease compared to previous year.
Average pay of disclosed executives at SPX
Eugene J. Lowe, III, Chief Executive Officer, received $6.1M in total, which decreased by 20% compared to 2019. 47% of Lowe's compensation, or $2.9M, was in stock awards. Lowe also received $246K in bonus, $1.1M in non-equity incentive plan, $930K in option awards, $918K in salary, as well as $61K in other compensation.
For fiscal year 2020, the median employee pay was $61,404 at SPX. Therefore, the ratio of Eugene J. Lowe, III's pay to the median employee pay was 100 to one.
J Randall Data, President, South Africa and Global Operations, received a compensation package of $1.8M, which decreased by 11% compared to previous year. 35% of the compensation package, or $640K, was in stock awards.
John W. Swann, III, President, Heating and Location & Inspection, earned $1.6M in 2020, a 2% decrease compared to previous year.
Scott W. Sproule, Chief Financial Officer, received $1.6M in 2020, which decreases by 26% compared to 2019.
Brian G. Mason, President, Transformer Solutions, earned $1.4M in 2020.
John W. Nurkin, General Counsel, received $1.2M in 2020, which decreases by 18% compared to 2019.
James W. Harris, Chief Financial Officer, earned $1.2M in 2020.
Related executives
Eugene Lowe
SPX
Chief Executive Officer
James Harris
SPX
Chief Financial Officer
J Data
SPX
President, South Africa and Global Operations
John Swann
SPX
President, Heating and Location & Inspection
Brian Mason
SPX
Former President, Transformer Solutions
Scott Sproule
SPX
Chief Financial Officer
John Nurkin
SPX
General Counsel
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Source: SEC filing on March 26, 2021.