Proxy-12-28-2020 - Report - Page 29
2020 EXECUTIVE COMPENSATION DATA
DISTINGUISHING “AWARDED” PAY FROM “REPORTED” PAY
In reviewing our executive compensation, it is important to distinguish the reported compensation provided to our named
executives in fiscal 2020 from the compensation that was actually awarded to our NEOs in fiscal 2020. 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 2020 Summary Compensation Table, which appears on page 26.
The table below shows the compensation awarded to each of our NEOs for fiscal 2020. This table includes:
•
Salaries paid during fiscal 2020;
•
SARs and PSUs awarded in fiscal 2020 under the LTI;
•
Stock award earned for fiscal 2020 under the STI;
•
Non-equity incentive compensation paid in cash earned for fiscal 2020 under the STI; and
•
All other compensation.
Name and Principal Position
John R. Scannell
Chief Executive Officer;
Chairman of the Board; and Director
Jennifer Walter
Vice President;
Chief Financial Officer
Donald R. Fishback
Vice President;
Former Chief Financial Officer; and Director
Mark J. Trabert
Vice President;
President, Aircraft Controls
Maureen M. Athoe
Vice President;
President, Space and Defense
Patrick J. Roche
Vice President;
President, Industrial Systems
Year(1)
Salary(2)
Stock
Awards(4)
Bonus(3)
SAR
Awards(5)
Non-Equity
Incentive
Plan
Compensation(6)
All Other
Compensation(7)
Total
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
2018 $ 917,145 $ 189,086 $ 547,352 $
450,010 $
5,543
$
25,090
$2,134,226
2020 $ 463,755 $
250,007 $
137,501
$
27,768
$1,197,875
2019
n/a
n/a
— $ 318,844 $
n/a
n/a
n/a
n/a
n/a
2018
n/a
n/a
n/a
n/a
n/a
n/a
n/a
2020 $ 596,502 $
— $ 174,508 $
— $
178,951
$
115,669
$1,065,630
2019 $ 590,767 $
— $ 238,224 $
150,054 $
176,147
$
399,177
$1,554,369
2018 $ 569,384 $ 117,389 $ 210,425 $
150,003 $
3,441
$
387,087
$1,437,729
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
2018 $ 421,273 $
86,853 $ 194,756 $
150,003 $
2,546
$
190,659
$1,046,090
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
2018
n/a
2020 $ 459,486 $
n/a
n/a
— $ 222,346 $
n/a
150,009 $
n/a
144,424
$
n/a
n/a
6,591
$ 982,856
2019
n/a
n/a
n/a
n/a
n/a
n/a
n/a
2018
n/a
n/a
n/a
n/a
n/a
n/a
n/a
(1) The years reported are the Company’s fiscal years ended October 3, 2020, September 28, 2019 and September 29, 2018.
(2) Includes amounts, if any, deferred at the direction of the executive officer pursuant to the Company’s 401(k) Plan.
(3) With respect to fiscal 2018, this column shows the cash portion of the supplemental bonus awarded as part of the fiscal 2018
STI plan to all STI plan participants. Includes amounts, if any, deferred at the direction of the executive officer pursuant to the
Company’s 401(k) Plan.
(4) 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 stock awards payable as part of the STI, and the stock bonus Mr. Fishback received. With
respect to the LTI award, 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
to the audited financial statements in Moog’s Annual Report on Form 10-K for the fiscal year ended October 3, 2020.
(5) 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 to the audited financial statements in Moog’s Annual Report on Form 10-K for the fiscal
year ended October 3, 2020.
(6) This column shows the cash portion of the STI plan compensation (other than the cash portion of the supplemental bonus
awarded as part of the fiscal 2018 STI plan, which is reported on the Bonus column), as described on page 22. Includes
amounts, if any, deferred at the direction of the executive officer pursuant to the Company’s 401(k) Plan.
(7) The table on page 27 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.
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