Veena M. Lakkundi
Equibles does not estimate personal net worth.
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The proxy statement of Rockwell Automation, Inc reports total compensation of $4,423,647 for Veena M. Lakkundi in fiscal 2022, including a base salary of $597,701. Rockwell Automation, Inc is classified in the Specialty Industrial Machinery industry within the Industrials sector. Other leadership on record at Rockwell Automation, Inc includes Steven W. Etzel (CFO), Alice L. Jolla (Board Member), David A. Zapico (Board Member) and 3 others.
Affiliation history
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Rockwell Automation, Inc (ROK)
Proxy statement
Current
Company network
Leadership on record at Rockwell Automation, Inc
- Steven W. Etzel CFO
- Alice L. Jolla Board Member
- David A. Zapico Board Member
- Robert W. Soderbery Board Member
- Timothy M. Knavish Board Member
- William P. Gipson Board Member
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2022 | Rockwell Automation, Inc (ROK) | Senior Vice President Strategy & Corporate Development Amounts in this column represent the cash sign-on bonus upon hire inclusive of two-year clawback upon certain terminations for Ms. Lakkundi in fiscal year 2022 and Messrs. Gangestad and Genereux in fiscal year 2021. Amounts in this column represent the grant date fair value of restricted stock and performance share awards granted calculated in accordance with U.S. GAAP. The grant date fair value of restricted stock was 350.76, 319.89, 251.24, 247.68, 246.77, 219.52, and 196.43 per share for December 7, 2021, November 1, 2021, March 1, 2021, February 1, 2021, December 10, 2020, October 1, 2020, and December 5, 2019, respectively. Performance share awards are valued at the target number of shares with a grant date fair value of 481.28, 298.10, and 265.04 for 2022, 2021, and 2020, respectively. The assumptions applicable to these valuations are set forth in Note 13, Share-Based Compensation, to our audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022. The amounts shown may not correspond to the actual value that may be realized by the NEOs. If the performance share awards are valued at two times the target number of shares (the maximum potential payout), then for fiscal 2022 the stock award amount would increase by 3,600,456, 1,280,205, 800,369, 720,476, and 520,264, for Messrs. Moret, Gangestad, and Genereux and Mss. House and Lakkundi, respectively. For additional information on awards made in fiscal 2022, see the Grants of Plan-Based Awards Table and Outstanding Equity Awards at Fiscal Year-End Table. Amounts in this column represent the grant date fair value of option awards granted calculated in accordance with U.S. GAAP. The grant date fair value was 87.68, 55.47, and 35.90 per share for December 7, 2021, December 10, 2020, and December 5, 2019, respectively. The assumptions applicable to these valuations are set forth in Note 13, Share-Based Compensation, to our audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022. The amounts shown may not correspond to the actual value that may be realized by the NEOs. For additional information on awards made in fiscal 2022, see the Grants of Plan-Based Awards Table and Outstanding Equity Awards at Fiscal Year-End Table. This column represents amounts paid under our ICP for performance in the fiscal year. For more information about our ICP, see the “Compensation Discussion and Analysis” and Grants of Plan-Based Awards Table. We do not pay “above market” interest on non-qualified deferred compensation; therefore, this column reflects changes in pension values only. Mr. Moret participates in two pension plans with the same requirements and benefits as other employees hired or rehired before July 1, 2010. The changes in pension value amounts for each year and for each NEO represent the difference from September 30 of the prior year to September 30 of each year in the actuarial present value of the NEOs accrued pension benefit at their unreduced retirement age under our qualified and non-qualified pension plans. These amounts are based on benefits provided by the plan formula and converted to a present value using a discount rate which was 5.65% in fiscal 2022, 3.10% in fiscal 2021, and 2.90% in fiscal 2020. For information on the formula and assumptions used to calculate these amounts, see the Pension Benefits Table. Messrs. Gangestad and Genereux and Mss. House and Lakkundi do not participate in the qualified and non-qualified pension plans as they were hired after the plans were closed to new participants (July 1, 2010). This column represents the Company matching contributions for the NEOs under our savings plans and a non-elective contribution (NEC) of 4% for Mr. Gangestad and Mss. House and Lakkundi, and 5% for Mr. Genereux (for information on NEC, see Pension Benefits Table and Non-Qualified Deferred Compensation sections below) and perquisites provided to Messrs. Moret and Gangestad. This column was restated to exclude the dividends paid or accrued on restricted stock and restricted stock units in fiscal 2021 of 66,185, 34,080, 25,921, and 18,286 for Messrs. Moret, Gangestad, Genereux, and Ms. House, respectively, and in fiscal 2020 of 49,174 and 11,281, for Mr. Moret and Ms. House, respectively. The dividends were excluded given they were factored into the grant date fair value of those awards. The aggregate amount of personal benefits and perquisites provided to each NEO during fiscal 2022, 2021, and 2020 (except for Mr. Moret in 2022, 2021 and 2020 and Mr. Gangestad in 2022 and 2021) was less than 10,000 and, therefore, not included in All Other Compensation. Amounts included in this column for personal benefits and perquisites were related to personal use of the Company plane and entertainment suites, personal liability insurance, and recreational activities at Board retreats. | $597,701 | $4,423,647 |
Recent activity
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