TE Connectivity CEO Terrence Curtin's 2021 pay jumps 39% to $15M
TE Connectivity reports 2021 executive compensation
By ExecPay News
Published: January 13, 2022
TE Connectivity reported fiscal year 2021 executive compensation information on January 13, 2022.
In 2021, five executives at TE Connectivity received on average a compensation package of $6.2M, a 40% increase compared to previous year.
Average pay of disclosed executives at TE Connectivity
Terrence R. Curtin, Chief Executive Officer, received $15M in total, which increased by 39% compared to 2020. 35% of Curtin's compensation, or $5.2M, was in option awards. Curtin also received $2.9M in non-equity incentive plan, $1.2M in salary, $5M in stock awards, as well as $397K in other compensation.
For fiscal year 2021, the median employee pay was $24,975 at TE Connectivity. Therefore, the ratio of Terrence R. Curtin's pay to the median employee pay was 589 to one.
Heath A. Mitts, Chief Financial Officer, received a compensation package of $5.3M, which increased by 54% compared to previous year. 30% of the compensation package, or $1.6M, was in option awards.
Steven T. Merkt, President, Transportation Solutions, earned $4.5M in 2021, a 44% increase compared to previous year.
John S. Jenkins, Jr, General Counsel, received $3.4M in 2021, which increases by 49% compared to 2020.
Shadrak W. Kroeger, President, Industrial Solutions, earned $3M in 2021, a 13% increase compared to previous year.
TE Connectivity's fiscal year ends on September 29.
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Source: SEC filing on January 13, 2022.