ETN · Eaton Corp plc · Executive Compensation

$415.22 -6.91 (-1.64%) At close · Sep 9

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$163.96B

388.40M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Former Chairman and Chief Executive Officer	$602,552	—	$8,626,397	$2,884,782	$718,958	$136,236	$13,974,141
P. Ruiz	Chief Executive Officer	$1,087,116	—	$4,140,314	$1,384,695	$1,155,000	$148,885	$7,923,677
O. Leonetti	Executive Vice President and Chief Financial Officer	$923,272	—	$2,484,188	$831,779	$680,316	$181,025	$5,100,580
E. Marshall	Former Executive Vice President and Chief Human Resources Officer	$610,915	—	$1,104,084	$370,214	$388,566	$2,613,867	$5,091,532
K. Awada	Executive Vice President and Chief Human Resources Officer	$181,731	$1,262,820	$3,411,480	—	$105,000	$32,913	$5,003,915
H. Monesmith	President and Chief Operating Officer - Electrical Sector	$856,501	—	$2,001,895	$668,308	$631,115	$172,904	$4,339,482
L. Clark Dougherty	Executive Vice President and Chief Legal Officer	$584,135	$483,373	$2,481,529	—	$376,687	$281,533	$4,207,257

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,450,000	—	$12,611,090	$3,567,137	$3,183,548	$158,191	$22,575,468
O. Leonetti	Executive Vice President and Chief Financial Officer	$805,076	$271,667	$5,754,556	$3,889,522	$1,003,475	$38,972	$11,763,268
H. Monesmith	President and Chief Operating Officer - Electrical Sector	$813,605	—	$2,724,774	$773,486	$1,066,307	$164,189	$5,551,086
P. Ruiz	President and Chief Operating Officer	$829,278	—	$2,119,553	$600,589	$1,358,125	$117,279	$5,031,963
E. Marshall	Executive Vice President and Chief Human Resources Officer	$780,657	—	$2,088,253	$427,692	$914,711	$152,661	$4,367,598
T. Okray	Former Executive Vice President and Chief Financial Officer	$85,388	—	—	—	—	$8,896	$94,284

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,441,667	—	$10,029,689	$3,012,084	$4,032,160	$234,609	$20,493,989
T. Okray	Former Executive Vice President and Chief Financial Officer	$882,338	—	$2,134,491	$639,432	$1,543,396	$114,312	$5,313,969
H. Monesmith	President and Chief Operating Officer - Electrical Sector	$749,171	—	$2,090,150	$627,367	$1,250,893	$138,745	$4,864,678
P. Ruiz	President and Chief Operating Officer	$707,841	—	$1,512,480	$453,635	$1,125,605	$70,360	$3,872,662
E. Marshall	Executive Vice President and Chief Human Resources Officer	$744,672	—	$1,112,015	$332,987	$994,705	$129,521	$3,317,303

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,400,000	$588,000	$8,058,926	$2,443,490	$1,364,160	$211,465	$14,284,434
U. Yadav	Former President & COO - Electrical Sector	$252,982	$69,062	$1,843,091	$559,815	$160,223	$3,464,568	$6,748,129
T. Okray	Former Executive Vice President and Chief Financial Officer	$849,063	$224,142	$1,804,348	$547,050	$520,010	$164,618	$4,109,231
H. Monesmith	President and Chief Operating Officer - Electrical Sector	$697,746	$175,392	$1,382,723	$419,405	$406,909	$117,307	$3,206,653
P. Ruiz	President and Chief Operating Officer	$661,784	$137,005	$1,195,759	$244,349	$317,853	$78,325	$2,635,075
B. Brickhouse	President – Americas Region, Electrical Sector	$656,513	$142,951	$1,075,810	$326,407	$331,647	$43,602	$2,576,930

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,391,667	—	$9,172,627	$2,677,140	$2,800,000	$162,431	$19,513,270
T. Okray	Executive Vice President and Chief Financial Officer	$787,500	$2,394,285	$5,497,357	$969,004	$1,031,250	$516,607	$11,196,003
U. Yadav	Former President & COO - Electrical Sector	$796,830	—	$2,202,163	$643,284	$1,000,896	$171,828	$5,900,955
R. Fearon	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	—	$2,753,030	$803,784	$313,731	$134,966	$4,256,496
H. Monesmith	President & COO - Electrical Sector P. Ruiz President & COO – Industrial Sector	$651,000	—	$1,651,949	$482,784	$819,000	$78,216	$3,689,931
B. Brickhouse	President – Americas Region, Electrical Sector	$635,417	—	$1,284,922	$374,928	$555,994	$45,845	$3,592,213

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,116,346	$1,080,000	$8,514,256	$2,517,413	—	$163,474	$17,473,747
R. Fearon	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	$501,971	$2,619,771	$774,947	—	$91,092	$5,277,307
U. Yadav	Former President & COO - Electrical Sector	$687,695	$388,698	$1,833,840	$542,774	—	$56,968	$5,027,481
A. Miller Boise	Executive Vice President and General Counsel	$501,699	$492,250	$2,248,842	$258,575	—	$132,296	$3,633,662
B. Brickhouse	President – Americas Region, Electrical Sector	$563,077	$259,250	$1,047,908	$309,824	—	$39,941	$3,219,946
H. Monesmith	President & COO - Industrial Sector	$581,538	$315,000	$1,397,740	$413,098	—	$89,323	$2,796,699

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,300,000	—	$8,280,171	$2,499,904	$1,965,600	$54,459	$19,962,364
R. Fearon	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	—	$2,760,634	$833,536	$930,480	$40,372	$7,511,238
U. Yadav	President & COO - Electrical Sector	$719,448	—	$1,748,252	$528,000	$675,895	$24,294	$5,814,761
B. Brickhouse	President – Americas Region, Electrical Sector	$576,146	—	$920,788	$278,080	$518,546	$310,363	$3,931,269
H. Monesmith	President & COO - Industrial Sector	$576,248	—	$1,150,437	$347,776	$465,411	$66,492	$2,607,183

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,200,004	—	$6,929,798	$2,025,739	$2,277,000	$33,435	$14,673,845
R. Fearon	Vice Chairman and Chief Financial and Planning Officer	$946,764	—	$2,558,793	$747,912	$1,143,218	$33,081	$5,711,318
U. Yadav	President & COO - Electrical Sector	$671,580	—	$1,535,623	$448,920	$883,531	$25,492	$4,061,120

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	Chairman and Chief Executive Officer	$1,125,002	—	$5,956,210	$1,948,435	$2,293,117	$39,863	$15,178,141
R. Fearon	Vice Chairman and Chief Financial and Planning Officer	$906,100	—	$2,508,244	$820,473	$1,347,288	$37,493	$8,602,980
U. Yadav	President & COO - Electrical Sector	$642,600	—	$1,504,715	$492,586	$854,461	$21,852	$4,792,783

Executive changes

Person	Role	Change	Effective	Filed
David B. Foster	Executive Vice President and Chief Financial Officer	Appointed	2026-03-02	2026-03-02
Gerald Johnson	Board of Directors	Appointed	2025-07-23	2025-07-23
Ernest Marshall	Executive Vice President and Chief Human Resources Officer	Resigned	2025-09-30	2025-07-21

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