American Electric Technologies CEO Westervelt Ballard's 2022 pay falls 66% to $2.2M
American Electric Technologies reports 2022 executive compensation
By ExecPay News
Published: June 28, 2023
American Electric Technologies reported fiscal year 2022 executive compensation information on June 28, 2023.
In 2022, two executives at American Electric Technologies received on average a compensation package of $1.5M, a 45% decrease compared to previous year.
Average pay of disclosed executives at American Electric Technologies
Westervelt T. Ballard, Jr, Chief Executive Officer, received $2.2M in total, which decreased by 66% compared to 2021. 39% of Ballard's compensation, or $863K, was in option awards. Ballard also received $750K in non-equity incentive plan, $500K in salary, as well as $96K in stock awards.
Andrew L. Puhala, Chief Financial Officer, received a compensation package of $696K, which increased by 66% compared to previous year. 45% of the compensation package, or $315K, was in salary.
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Source: SEC filing on June 28, 2023.