Terex CEO John Garrison's 2021 pay jumps 28% to $9.5M
Terex reports 2021 executive compensation
By ExecPay News
Published: April 1, 2022
Terex reported fiscal year 2021 executive compensation information on April 1, 2022.
In 2021, five Terex executives received on average a compensation package of $3.8M, a 46% increase compared to previous year.
Average pay of disclosed executives at Terex
John L. Garrison, Chief Executive Officer, received $9.5M in total, which increased by 28% compared to 2020. 63% of Garrison's compensation, or $6M, was in stock awards. Garrison also received $2.2M in non-equity incentive plan, $986K in salary, as well as $337K in other compensation.
For fiscal year 2021, the median employee pay was $50,120 at Terex. Therefore, the ratio of John L. Garrison's pay to the median employee pay was 190 to one.
John D. Sheehan, Chief Financial Officer, received a compensation package of $3.7M, which increased by 25% compared to previous year. 52% of the compensation package, or $1.9M, was in stock awards.
Kieran Hegarty, President, Terex Materials Processing, earned $2.6M in 2021, a 37% increase compared to previous year.
Scott Posner, General Counsel, received $1.8M in 2021, which increases by 51% compared to 2020.
Amy George, Chief Human Resources Officer, earned $1.6M in 2021, a 41% increase compared to previous year.
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Source: SEC filing on April 1, 2022.