R. Fearon
Chairman
Eaton Corp plc (ETN)Equibles does not estimate personal net worth.
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R. Fearon is recorded as Chairman at Eaton Corp plc (ETN). The proxy statement of Eaton Corp plc reports total compensation of $4,256,496 for R. Fearon in fiscal 2021, including a base salary of $250,985. Disclosed compensation is on record for 5 fiscal years. Eaton Corp plc is classified in the Specialty Industrial Machinery industry within the Industrials sector. Other leadership on record at Eaton Corp plc includes C. Arnold (CEO), P. Ruiz (CEO), Paulo Ruiz (CEO and Board Member) and 7 others.
Affiliation history
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Current
Company network
Leadership on record at Eaton Corp plc
- C. Arnold CEO
- P. Ruiz CEO
- Paulo Ruiz CEO, Board Member
- Gregory R. Page Chairman, Board Member
- Richard Fearon Chairman
- David B. Foster CFO
- Olivier Leonetti CFO
- T. Okray CFO
- Thomas B. Okray CFO
- H. Monesmith COO
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 |
|---|---|---|---|---|
| 2021 | Eaton Corp plc (ETN) | Vice Chairman and Chief Financial and Planning Officer In 2021, 2020, and 2019, 190,000 of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors per Irish regulations. In 2021, 2020, and 2019, 75,000, 150,000, and 150,000, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors per Irish regulations. For 2020, the Committee exercised discretion to create a bonus pool to reward our executives and the other annual incentive plan participants for the company’s results and the effort put forth in response to the unprecedented global pandemic. The amounts reported for 2020 reflect these discretionary bonuses. The amount reported for Mr. Okray for 2021 reflects sign-on bonuses he received to replace the annual and long-term incentive opportunities that he forfeited from his former employer when he joined our company. These two columns show the grant date fair value of equity awards, computed in accordance with ASC 718, granted to the named executive officers. The value of stock options is based on the Black-Scholes option pricing model. The assumptions used in connection with these valuations are further described in Note 13 to the Consolidated Financial Statements of our 2021 annual report. The actual amounts realized by individual named executive officers likely will vary based on a number of factors, including the market performance of our shares, continued employment through the vesting date, and timing of option exercises. The RSUs and stock options vest in substantially equal installments over a three-year period beginning with the first anniversary of the grant date. Dividend equivalents are paid in cash when the RSUs vest based on the aggregate dividend paid to our shareholders during the restricted period. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. In 2021, no named executive officers received above-market earnings on his or her nonqualified deferred compensation. The aggregate change in the actuarial present value of the accumulated benefit under all defined benefit pension plans for each named executive officer is noted below. Mr. Monesmith participated in the Cooper Pension Plan, which was merged with the Pension Plan for Eaton Corporation Employees in 2018. He receives no other benefit under the Pension Plan for Eaton Corporation Employees. Mr. Okray does not receive a benefit under the Pension Plan for Eaton Corporation Employees, either. Instead, both Mr. Okray and Mr. Monesmith receive an additional employer-contribution under our defined contribution plan as discussed below and on page 55. | $250,985 | $4,256,496 |
| 2020 | Eaton Corp plc (ETN) | Vice Chairman and Chief Financial and Planning Officer In 2021, 2020, and 2019, 190,000 of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors per Irish regulations. In 2021, 2020, and 2019, 75,000, 150,000, and 150,000, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors per Irish regulations. For 2020, the Committee exercised discretion to create a bonus pool to reward our executives and the other annual incentive plan participants for the company’s results and the effort put forth in response to the unprecedented global pandemic. The amounts reported for 2020 reflect these discretionary bonuses. The amount reported for Mr. Okray for 2021 reflects sign-on bonuses he received to replace the annual and long-term incentive opportunities that he forfeited from his former employer when he joined our company. These two columns show the grant date fair value of equity awards, computed in accordance with ASC 718, granted to the named executive officers. The value of stock options is based on the Black-Scholes option pricing model. The assumptions used in connection with these valuations are further described in Note 13 to the Consolidated Financial Statements of our 2021 annual report. The actual amounts realized by individual named executive officers likely will vary based on a number of factors, including the market performance of our shares, continued employment through the vesting date, and timing of option exercises. The RSUs and stock options vest in substantially equal installments over a three-year period beginning with the first anniversary of the grant date. Dividend equivalents are paid in cash when the RSUs vest based on the aggregate dividend paid to our shareholders during the restricted period. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. In 2021, no named executive officers received above-market earnings on his or her nonqualified deferred compensation. The aggregate change in the actuarial present value of the accumulated benefit under all defined benefit pension plans for each named executive officer is noted below. Mr. Monesmith participated in the Cooper Pension Plan, which was merged with the Pension Plan for Eaton Corporation Employees in 2018. He receives no other benefit under the Pension Plan for Eaton Corporation Employees. Mr. Okray does not receive a benefit under the Pension Plan for Eaton Corporation Employees, either. Instead, both Mr. Okray and Mr. Monesmith receive an additional employer-contribution under our defined contribution plan as discussed below and on page 55. | $915,864 | $5,277,307 |
| 2019 | Eaton Corp plc (ETN) | Vice Chairman and Chief Financial and Planning Officer In 2021, 2020, and 2019, 190,000 of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors per Irish regulations. In 2021, 2020, and 2019, 75,000, 150,000, and 150,000, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors per Irish regulations. For 2020, the Committee exercised discretion to create a bonus pool to reward our executives and the other annual incentive plan participants for the company’s results and the effort put forth in response to the unprecedented global pandemic. The amounts reported for 2020 reflect these discretionary bonuses. The amount reported for Mr. Okray for 2021 reflects sign-on bonuses he received to replace the annual and long-term incentive opportunities that he forfeited from his former employer when he joined our company. These two columns show the grant date fair value of equity awards, computed in accordance with ASC 718, granted to the named executive officers. The value of stock options is based on the Black-Scholes option pricing model. The assumptions used in connection with these valuations are further described in Note 13 to the Consolidated Financial Statements of our 2021 annual report. The actual amounts realized by individual named executive officers likely will vary based on a number of factors, including the market performance of our shares, continued employment through the vesting date, and timing of option exercises. The RSUs and stock options vest in substantially equal installments over a three-year period beginning with the first anniversary of the grant date. Dividend equivalents are paid in cash when the RSUs vest based on the aggregate dividend paid to our shareholders during the restricted period. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. In 2021, no named executive officers received above-market earnings on his or her nonqualified deferred compensation. The aggregate change in the actuarial present value of the accumulated benefit under all defined benefit pension plans for each named executive officer is noted below. Mr. Monesmith participated in the Cooper Pension Plan, which was merged with the Pension Plan for Eaton Corporation Employees in 2018. He receives no other benefit under the Pension Plan for Eaton Corporation Employees. Mr. Okray does not receive a benefit under the Pension Plan for Eaton Corporation Employees, either. Instead, both Mr. Okray and Mr. Monesmith receive an additional employer-contribution under our defined contribution plan as discussed below and on page 55. | $984,635 | $7,511,238 |
| 2018 | Eaton Corp plc (ETN) | Vice Chairman and Chief Financial and Planning Officer | $946,764 | $5,711,318 |
| 2017 | Eaton Corp plc (ETN) | Vice Chairman and Chief Financial and Planning Officer | $906,100 | $8,602,980 |
Recent activity
No call appearances or filed executive changes recorded yet.