Pay for named executives for The company did give all five executives an increase in base salary. Rodriguez's base rose to $1,030,000 from $1 million. But a big decrease came in the change in pension value and nonqualified deferred compensation earnings. For Rodriguez, that category dropped to $806,428 for fiscal 2017, down 65 percent from $2.3 million the prior year. The CEO made up ground in the value of stock grants, which hit $4,350,006 for the last year, a 31.1 percent increase from $3,318,779 for 2016.
Pension/deferred compensation earnings fell for all the executives. CFO Jan Sigmund had 2017 compensation of $3.9 million, an 8.3-percent decline from $4.2 million, most of that stemming from a drop of 57.9 percent in the pension/deferred compensation category to $350,958 for the most recently ended year from $833,052 the prior year.
Edward B. Flynn president of Global Enterprise Solutions, had the best year with a 2017 total of $4.5 million, rising 75.2 percent from $2.6 million the prior year. His boost came from stock awards of $2.7 million, a sharp increase from $566,948 for 2016. The increase represented a rebound as in 2015. Flynn had a $1.9-million stock grant.
Michael A. Bonarti, general counsel and secretary, had 2017 compensation of $2.3 million, a decline of 2.8 percent from 2016's $2.2 million. Dermot J. O'Brien, chief resource officer, also saw a drop in compensation. His total fell to $2.2 million, down 15.2 percent from $2.6 million.
