12 23 2021 Moog Proxy - FY2021 - FINAL - Flipbook - Page 25
COMPENSATION OF EXECUTIVE OFFICERS
Distinguishing "Awarded" Pay from "Reported" Pay in 2021
In reviewing our executive compensation, it is important to distinguish the reported compensation provided to our named
executives in fiscal 2021 from the compensation that was actually awarded to our NEOs in fiscal 2021. We have provided the
following additional compensation table in order to remove the volatility related to the effects of changes in actuarial assumptions
on the value of the NEOs’ pension benefits as required to be disclosed in the Summary Compensation Table. This table is not a
substitute for the 2021 Summary Compensation Table, which appears on page 23.
The table below shows the compensation awarded to each of our NEOs for fiscal 2021. This table includes:
•
•
•
•
Salaries paid during fiscal 2021;
SARs, PSUs and TVAs awarded in fiscal 2021 under the LTI;
Non-equity incentive compensation paid in cash earned for fiscal 2021 under the STI; and
All other compensation.
Name and Principal
Position
Salary(2)
($)
Year(1)
John R. Scannell
Chief Executive Officer;
Chairman of the Board; and
Director
Jennifer Walter
Vice President; Chief
Financial Officer
2021
Mark J. Trabert
Vice President; President,
Aircraft Controls
2021
Maureen M. Athoe
Vice President; President,
Space and Defense
2021
Patrick J. Roche
Vice President; President,
Industrial Systems(7)
2021
Bonus
($)
Option
Awards(4)
($)
Non-Equity
Incentive
Plan
All Other
Compensation(5) Compensation(6)
($)
($)
Total
($)
— $ 1,166,711 $
583,499 $
815,476 $
82,723 $ 3,660,334
2020
982,457
—
948,048
750,022
395,866
69,114
3,145,507
2019
951,595
—
741,980
600,151
283,735
67,848
2,645,309
522,504 $
— $
353,389 $
176,721 $
265,002 $
32,646 $ 1,350,262
—
318,844
250,007
137,501
27,768
2021
$ 1,011,925 $
Stock
Awards(3)
($)
$
2020
463,755
2019
n/a
n/a
n/a
n/a
1,197,875
n/a
n/a
500,271 $
— $
206,667 $
103,372 $
251,971 $
246,056 $ 1,308,337
2020
485,696
—
223,472
150,009
146,777
255,069
1,261,023
2019
451,122
—
220,257
150,054
140,270
220,491
1,182,194
475,036 $
— $
206,667 $
103,372 $
240,926 $
238,445 $ 1,264,446
2020
451,272
—
218,278
150,009
136,375
227,280
1,183,214
2019
437,091
—
215,222
150,054
130,326
205,767
1,138,460
505,085 $
— $
206,667 $
103,372 $
254,395 $
18,681 $ 1,088,200
—
222,346
150,009
144,424
19,005
2020
2019
$
n/a
$
$
459,486
n/a
n/a
n/a
n/a
n/a
995,270
n/a
n/a
(1) The years reported are the Company’s fiscal years ended October 2, 2021, October 3, 2020 and September 28, 2019.
(2) Includes amounts, if any, deferred at the direction of the executive officer pursuant to the Company’s 401(k) Plan.
(3) This column shows the aggregate grant date fair value computed in accordance with ASC 718 for the PSUs granted under
the LTI for the fiscal years reported, the fixed dollar amount of TVAs granted under the LTI for fiscal year 2021 and the stock
awards payable as part of the STI for fiscal 2020 and 2019. With respect to the PSUs, this value is based on the fair value of
the equity-based award multiplied by the number of securities underlying the target PSUs and represents the amount that
the Company expects to expense for accounting purposes over the award’s vesting schedule. With respect to the LTI
awards, the amounts do not reflect the actual amounts that may be realized by the executive officers. A discussion of the
assumptions used in calculating these values may be found in Note 18 - Equity-Based Compensation to the audited financial
statements in Moog’s Annual Report on Form 10-K for the fiscal year ended October 2, 2021.
(4) This column shows the aggregate grant date fair value computed in accordance with ASC 718 for SAR awards granted
under the LTI for fiscal years reported. The amount is based on the fair value of the equity-based award as determined using
the Black-Scholes option-pricing model multiplied by the number of securities underlying the SAR awards. The amounts do
not reflect the actual amounts that may be realized by the executive officers. A discussion of the assumptions used in
calculating these values may be found in Note 18 - Equity-Based Compensation to the audited financial statements in
Moog’s Annual Report on Form 10-K for the fiscal year ended October 2, 2021.
(5) This column shows the cash portion of the STI plan compensation as described in The Process Used to Determine
Compensation beginning on page 19 for the fiscal years reported. Includes amounts, if any, deferred at the direction of the
executive officer pursuant to the Company’s 401(k) Plan.
(6) The table on page 24 shows the components of this column, which generally include group life and executive insurance
premiums, Company contributions to the Company’s defined contribution plans and other perquisites. The amounts
represent the amount paid by, or the incremental cost to, the Company.
(7) As announced on November 16, 2021, Mr. Roche was promoted from Vice President and President, Industrial Systems to
Executive Vice President and Chief Operating Officer, effective December 1, 2021.
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