ETN · Eaton Corp plc

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$404.01 -11.12 (-2.68%) At close · Jul 24

Market Cap

$156.90B

Shares

388.30M

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	CEO	$602,552	—	$8,626,397	$2,884,782	$718,958	$136,236	$13,974,141
P. Ruiz	CEO	$1,087,116	—	$4,140,314	$1,384,695	$1,155,000	$148,885	$7,923,677
O. Leonetti	CFO	$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	COO	$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	CEO	$1,450,000	—	$12,611,090	$3,567,137	$3,183,548	$158,191	$22,575,468
O. Leonetti	CFO	$805,076	$271,667	$5,754,556	$3,889,522	$1,003,475	$38,972	$11,763,268
H. Monesmith	COO	$813,605	—	$2,724,774	$773,486	$1,066,307	$164,189	$5,551,086
P. Ruiz	COO	$829,278	—	$2,119,553	$600,589	$1,358,125	$117,279	$5,031,963
E. Marshall	Former Executive Vice President and Chief Human Resources Officer	$780,657	—	$2,088,253	$427,692	$914,711	$152,661	$4,367,598
T. Okray	CFO	$85,388	—	—	—	—	$8,896	$94,284

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
C. Arnold	CEO	$1,441,667	—	$10,029,689	$3,012,084	$4,032,160	$234,609	$20,493,989
T. Okray	CFO	$882,338	—	$2,134,491	$639,432	$1,543,396	$114,312	$5,313,969
H. Monesmith	COO	$749,171	—	$2,090,150	$627,367	$1,250,893	$138,745	$4,864,678
P. Ruiz	COO	$707,841	—	$1,512,480	$453,635	$1,125,605	$70,360	$3,872,662
E. Marshall	Former 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	CEO	$1,400,000	$588,000	$8,058,926	$2,443,490	$1,364,160	$211,465	$14,284,434
U. Yadav	COO	$252,982	$69,062	$1,843,091	$559,815	$160,223	$3,464,568	$6,748,129
T. Okray	CFO	$849,063	$224,142	$1,804,348	$547,050	$520,010	$164,618	$4,109,231
H. Monesmith	COO	$697,746	$175,392	$1,382,723	$419,405	$406,909	$117,307	$3,206,653
P. Ruiz	COO	$661,784	$137,005	$1,195,759	$244,349	$317,853	$78,325	$2,635,075
B. Brickhouse	President - Americas Region, Electrical Sector In 2019, 2018, and 2017, 190,000, 190,000, and 181,250, respectively, of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors. In 2019, 2018, and 2017, 150,000, 150,000, and 141,250, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors. 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 11 to the Consolidated Financial Statements of our 2019 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. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the 2019 EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. For 2017, this column also included awards earned under our 2014-2017 ESIP. ESIP awards for this period had no embedded right to stock settlement and were settled in cash and therefore, reported in this column. In 2019, no named executive officers received above-market earnings on his 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. Instead, he receives an additional employer-contribution under our defined contribution plan as discussed below and on page 53.	$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	CEO	$1,391,667	—	$9,172,627	$2,677,140	$2,800,000	$162,431	$19,513,270
T. Okray	CFO	$787,500	$2,394,285	$5,497,357	$969,004	$1,031,250	$516,607	$11,196,003
U. Yadav	COO	$796,830	—	$2,202,163	$643,284	$1,000,896	$171,828	$5,900,955
R. Fearon	Chairman	$250,985	—	$2,753,030	$803,784	$313,731	$134,966	$4,256,496
H. Monesmith	COO	$651,000	—	$1,651,949	$482,784	$819,000	$78,216	$3,689,931
B. Brickhouse	President - Americas Region, Electrical Sector In 2019, 2018, and 2017, 190,000, 190,000, and 181,250, respectively, of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors. In 2019, 2018, and 2017, 150,000, 150,000, and 141,250, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors. 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 11 to the Consolidated Financial Statements of our 2019 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. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the 2019 EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. For 2017, this column also included awards earned under our 2014-2017 ESIP. ESIP awards for this period had no embedded right to stock settlement and were settled in cash and therefore, reported in this column. In 2019, no named executive officers received above-market earnings on his 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. Instead, he receives an additional employer-contribution under our defined contribution plan as discussed below and on page 53.	$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	CEO	$1,116,346	$1,080,000	$8,514,256	$2,517,413	—	$163,474	$17,473,747
R. Fearon	Chairman	$915,864	$501,971	$2,619,771	$774,947	—	$91,092	$5,277,307
U. Yadav	COO	$687,695	$388,698	$1,833,840	$542,774	—	$56,968	$5,027,481
A. Miller Boise	General Counsel	$501,699	$492,250	$2,248,842	$258,575	—	$132,296	$3,633,662
B. Brickhouse	President - Americas Region, Electrical Sector In 2019, 2018, and 2017, 190,000, 190,000, and 181,250, respectively, of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors. In 2019, 2018, and 2017, 150,000, 150,000, and 141,250, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors. 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 11 to the Consolidated Financial Statements of our 2019 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. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the 2019 EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. For 2017, this column also included awards earned under our 2014-2017 ESIP. ESIP awards for this period had no embedded right to stock settlement and were settled in cash and therefore, reported in this column. In 2019, no named executive officers received above-market earnings on his 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. Instead, he receives an additional employer-contribution under our defined contribution plan as discussed below and on page 53.	$563,077	$259,250	$1,047,908	$309,824	—	$39,941	$3,219,946
H. Monesmith	COO	$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	CEO	$1,300,000	—	$8,280,171	$2,499,904	$1,965,600	$54,459	$19,962,364
R. Fearon	Chairman	$984,635	—	$2,760,634	$833,536	$930,480	$40,372	$7,511,238
U. Yadav	COO	$719,448	—	$1,748,252	$528,000	$675,895	$24,294	$5,814,761
B. Brickhouse	President - Americas Region, Electrical Sector In 2019, 2018, and 2017, 190,000, 190,000, and 181,250, respectively, of Mr. Arnold’s salary was attributable to his service as a member of Eaton’s Board of Directors. In 2019, 2018, and 2017, 150,000, 150,000, and 141,250, respectively, of Mr. Fearon’s salary was attributable to his service as a member of Eaton’s Board of Directors. 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 11 to the Consolidated Financial Statements of our 2019 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. Non-Equity Incentive Plan Compensation reported in this column includes payments earned under the 2019 EIC Plan. The material features of this incentive plan are described in the Compensation Discussion and Analysis. For 2017, this column also included awards earned under our 2014-2017 ESIP. ESIP awards for this period had no embedded right to stock settlement and were settled in cash and therefore, reported in this column. In 2019, no named executive officers received above-market earnings on his 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. Instead, he receives an additional employer-contribution under our defined contribution plan as discussed below and on page 53.	$576,146	—	$920,788	$278,080	$518,546	$310,363	$3,931,269
H. Monesmith	COO	$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	CEO	$1,200,004	—	$6,929,798	$2,025,739	$2,277,000	$33,435	$14,673,845
R. Fearon	Chairman	$946,764	—	$2,558,793	$747,912	$1,143,218	$33,081	$5,711,318
U. Yadav	COO	$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	CEO	$1,125,002	—	$5,956,210	$1,948,435	$2,293,117	$39,863	$15,178,141
R. Fearon	Chairman	$906,100	—	$2,508,244	$820,473	$1,347,288	$37,493	$8,602,980
U. Yadav	COO	$642,600	—	$1,504,715	$492,586	$854,461	$21,852	$4,792,783

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