Terex CEO John Garrison's 2019 pay slips 13% to $8.3M
Terex reports 2019 executive compensation
By ExecPay News
Published: April 2, 2020
Terex reported fiscal year 2019 executive compensation information on April 2, 2020.
In 2019, seven Terex executives received on average a compensation package of $3.3M, a 17% decrease compared to previous year.
Average pay of disclosed executives at Terex
John L. Garrison, Chief Executive Officer, received $8.3M in total, which decreased by 13% compared to 2018. 76% of Garrison's compensation, or $6.3M, was in stock awards. Garrison also received $700K in non-equity incentive plan, $968K in salary, as well as $369K in other compensation.
For fiscal year 2019, the median employee pay was $56,699 at Terex. Therefore, the ratio of John L. Garrison's pay to the median employee pay was 147 to one.
Eric I Cohen, General Counsel, received a compensation package of $4.5M, which increased by 32% compared to previous year. 59% of the compensation package, or $2.6M, was of change in pension value and nonqualified deferred compensation earnings.
John D. Sheehan, Chief Financial Officer, earned $3.2M in 2019, a 6% decrease compared to previous year.
Steve Filipov, Former President, Terex Cranes, received $2.1M in 2019, which decreases by 27% compared to 2018.
Kieran Hegarty, President, Terex Materials, earned $2M in 2019.
Processing Matthew Fearon, President, Terex Aerial Work Platforms, received $2M in 2019, which decreases by 11% compared to 2018.
Amy George, Chief Human Resources Officer, earned $1M in 2019.
Related executives
John Garrison
Terex
Chief Executive Officer
John Sheehan
Terex
Chief Financial Officer
Eric Cohen
Terex
General Counsel
Steve Filipov
Terex
Former President, Terex Cranes
Kieran Hegarty
Terex
President, Terex Materials Processing
Processing Fearon
Terex
President, Terex Aerial Work Platforms
Amy George
Terex
Chief Human Resources Officer
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Source: SEC filing on April 2, 2020.