Textron’s Donnelly earns $13.9M in 2018

PROVIDENCE – Textron Inc. Chairman, President and CEO Scott C. Donnelly earned $13.9 million in 2018, a decline from $14.8 million one year prior, according to the company’s 2019 proxy statement.

Donnelly earned a base salary of $1.2 million, earned $6.9 million in stock awards, $3.1 million in options awards and $2.2 million in non-equity incentive plan compensation. Donnelly also received $412,297 due to an increase in pension value and nonqualified deferred compensations earnings, and $115,986 in savings plan contributions, retirement contributions and perquisites.

Donnelly’s compensation ratio to the median employee for the year was 143 to 1. Last year it was 165-to-1. The median salary at Textron was $97,580, an increase from $90,025 one year prior. The company reported it has 35,000 employees worldwide as of Oct. 1, a decline from 37,000 in 2017.

Other Textron executive compensation in 2018:

  • Frank T. Connor, executive vice president and chief financial officer, earned $5.2 million, a decline from $5.5 million in 2017
  • E. Robert Lupone, executive vice president, general counsel and secretary, earned $2.8 million in 2018, an increase from $2.7 million in 2017
  • Julia G. Duffy, executive vice president, human resources, earned $1.7 million in 2018, an increase from $1.4 million one year prior.

Chris Bergenheim is the PBN web editor. He may be reached at Bergenheim@PBN.com.

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