Terex CEO John Garrison's 2020 pay slips 11% to $7.4M
Terex reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Terex reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, six Terex executives received on average a compensation package of $2.6M, a 20% decrease compared to previous year.
Average pay of disclosed executives at Terex
John L. Garrison, Chief Executive Officer, received $7.4M in total, which decreased by 11% compared to 2019. 79% of Garrison's compensation, or $5.9M, was in stock awards. Garrison also received $684K in non-equity incentive plan, $651K in salary, as well as $234K in other compensation.
For fiscal year 2020, the median employee pay was $44,213 at Terex. Therefore, the ratio of John L. Garrison's pay to the median employee pay was 168 to one.
John D. Sheehan, Chief Financial Officer, received a compensation package of $3M, which decreased by 8% compared to previous year. 64% of the compensation package, or $1.9M, was in stock awards.
Kieran Hegarty, President, Terex Materials, earned $1.9M in 2020, a 4% decrease compared to previous year.
Processing Scott Posner, General Counsel, received $1.2M in 2020.
Scott Posner, General Counsel, earned $1.2M in 2020.
Amy George, Chief Human Resources Officer, received $1.1M in 2020, which increases by 14% compared to 2019.
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Source: SEC filing on March 26, 2021.