Timken CEO Richard Kyle's 2021 pay slips 14% to $9.7M
Timken reports 2021 executive compensation
By ExecPay News
Published: March 18, 2022
Timken reported fiscal year 2021 executive compensation information on March 18, 2022.
In 2021, six Timken executives received on average a compensation package of $3.3M, a 25% decrease compared to previous year.
Average pay of disclosed executives at Timken
Richard G. Kyle, Chief Executive Officer, received $9.7M in total, which decreased by 14% compared to 2020. 46% of Kyle's compensation, or $4.4M, was in stock awards. Kyle also received $2.7M of change in pension value and nonqualified deferred compensation earnings, $958K in non-equity incentive plan, $1M in salary, as well as $573K in other compensation.
For fiscal year 2021, the median employee pay was $59,720 at Timken. Therefore, the ratio of Richard G. Kyle's pay to the median employee pay was 162 to one.
Philip D. Fracassa, Chief Financial Officer, received a compensation package of $3M, which decreased by 17% compared to previous year. 41% of the compensation package, or $1.2M, was in stock awards.
Christopher A. Coughlin, Executive Vice President, Group President, earned $2.9M in 2021, a 17% decrease compared to previous year.
Africa Ronald J. Myers, Former Executive Vice President, Human Resources, received $1.5M in 2021, which decreases by 26% compared to 2020.
Hansal N. Patel, General Counsel, earned $1.4M in 2021.
Andreas Roellgen, Vice President, Europe, Asia and, received $1.1M in 2021, which decreases by 11% compared to 2020.
Related executives
Richard Kyle
Timken
Chief Executive Officer
Philip Fracassa
Timken
Chief Financial Officer
Christopher Coughlin
Timken
Executive Vice President, Group President
Hansal Patel
Timken
General Counsel
Andreas Roellgen
Timken
Vice President, Europe, Asia and
Africa Myers
Timken
Former Executive Vice President, Human Resources
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Source: SEC filing on March 18, 2022.