Woodward CEO Thomas Gendron's 2020 pay slips 18% to $4.9M
Woodward reports 2020 executive compensation
By ExecPay News
Published: December 15, 2020
Woodward reported fiscal year 2020 executive compensation information on December 15, 2020.
In 2020, six Woodward executives received on average a compensation package of $2.6M, a 27% decrease compared to previous year.
Average pay of disclosed executives at Woodward
Thomas A. Gendron, Chief Executive Officer, received $4.9M in total, which decreased by 18% compared to 2019. 69% of Gendron's compensation, or $3.4M, was in option awards. Gendron also received $558K in non-equity incentive plan, $849K in salary, as well as $138K in other compensation.
For fiscal year 2020, the median employee pay was $63,859 at Woodward. Therefore, the ratio of Thomas A. Gendron's pay to the median employee pay was 77 to one.
Jonathan W. Thayer, Chief Financial Officer, received a compensation package of $4.7M, which decreased by 1% compared to previous year. 81% of the compensation package, or $3.8M, was in option awards.
Thomas G. Cromwell, Chief Operating Officer, earned $1.8M in 2020, a 37% decrease compared to previous year.
Robert F. Weber, Jr, Chief Financial Officer, received $1.6M in 2020, which decreases by 26% compared to 2019.
Sagar A. Patel, President, Aerospace Aftermarket and Hydraulic Systems, earned $1.3M in 2020, a 25% decrease compared to previous year.
Chad R. Preiss, President, Engine Systems, received $1.1M in 2020.
Woodward's fiscal year ends on September 30.
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Source: SEC filing on December 15, 2020.