Moog Proxy - FY2022 - Host - Flipbook - Page 25
COMPENSATION OF EXECUTIVE OFFICERS
Distinguishing "Awarded" Pay from "Reported" Pay in 2022
In reviewing our executive compensation, it is important to distinguish the reported compensation provided to our NEOs in fiscal
2022 from the compensation that was actually awarded to our NEOs in fiscal 2022. 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 2022 Summary Compensation Table. This table is not a substitute for
the 2022 Summary Compensation Table, which appears on page 24.
The table below shows the compensation awarded to each of our NEOs for fiscal 2022. This table includes:
•
•
•
•
Salaries paid during fiscal 2022;
SARs, PSUs and TVAs awarded in fiscal 2022 under the LTI;
Non-equity incentive compensation earned for fiscal 2022 under the STI; and
All other compensation.
Name and Principal
Position
Salary(2)
($)
Year(1)
Stock
Awards(3)
($)
Bonus
($)
Option
Awards(4)
($)
Non-Equity
Incentive
Plan
All Other
Compensation(5) Compensation(6)
($)
($)
Total
($)
John R. Scannell
Chief Executive Officer;
Chairman of the Board; and
Director
Jennifer Walter
Vice President; Chief
Financial Officer
2022
$ 1,042,278 $
— $ 1,333,405 $
666,610 $
908,182 $
80,193 $ 4,030,668
2021
1,011,925
—
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
553,857 $
— $
373,333 $
186,663 $
273,600 $
31,709 $ 1,419,162
2021
522,504
—
353,389
176,721
265,002
32,646
1,350,262
2020
463,755
—
318,844
250,007
137,501
27,768
1,197,875
Patrick J. Roche
Executive Vice President
and Chief Operating Officer
2022
596,643 $
— $
500,079 $
249,979 $
304,375 $
2021
505,085
—
206,667
103,372
254,395
18,681
1,088,200
2020
459,486
—
222,346
150,009
144,424
19,005
995,270
Mark J. Trabert
Vice President; President,
Aircraft Controls
2022
515,284 $
— $
213,404 $
106,677 $
252,784 $
279,522 $ 1,367,671
2021
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
Maureen M. Athoe
Vice President; President,
Space and Defense
Controls
2022
492,695 $
— $
213,404 $
106,677 $
241,702 $
287,532 $ 1,342,010
2021
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
2022
$
$
$
$
523,433 $ 2,174,509
(1) The years reported are the Company’s fiscal years ended October 1, 2022, October 2, 2021 and October 3, 2020.
(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 amounts of TVAs granted under the LTI for fiscal years 2022 and 2021
and the stock awards payable as part of the STI for fiscal 2020. 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 1, 2022.
(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 1, 2022.
(5) This column shows the cash portion of the STI plan compensation as described in The Process Used to Determine
Compensation beginning on page 18 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 25 shows the components of this column, which generally include group life and executive insurance
premiums, Company contributions to the Company’s defined contribution plans, cash in lieu of vacation and other
perquisites. The amounts represent the amount paid by, or the incremental cost to, the Company.
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