David N. Farr was the CEO of Emerson Electric Co. until February 2021, a company known for automation and control solutions. Under his leadership, Farr tied his pay to company performance, making sure his bonuses reflected how well Emerson was...

Current Market Cap

$73.89B

Number of Employees

67K

Total Compensation

2017 - 2021

Trending up by 24.45% last year
Showing total compensation for the last 2017 - 2021

Stock

Up by 35.15% last year

Salary

Down by -28.82% last year

Bonus

Down by -8.54% last year

Other

Up by 42.64% last year

Year

2021

Total Compensation

$19.71M

Salary

$927.97K

Board Justification

Emerson's compensation philosophy aims to align executive compensation with company performance, focusing on long-term value creation for shareholders. The compensation structure includes a significant portion of performance-based pay to incentivize executives to achieve strategic objectives.

Bonus

$1.88M

Board Justification

Mr. Farr received a 75% pro rata bonus based on the Company’s financial performance for fiscal 2021, subject to final approval of the Company’s Compensation Committee.

Other

$663.83K

Board Justification

Includes consulting fees of $468,000 under a consulting arrangement post-retirement, and other compensation such as perquisites and retirement benefits.

Restricted Stock

$16.24M(166.03K Performance Shares)

Board Justification

Performance shares awarded under the Fiscal 2019-2021 Performance Shares Program vested in 2021. The performance shares were subject to performance goals for the period ending September 30, 2021, and the percentage earned was 101%. Awards were paid out on November 1, 2021.

Performance Metrics

Performance metrics for determining compensation include earnings per share and cumulative free cash flow, benchmarked against global growth targets and relative total shareholder return.

SEC Filing

From December 10, 2021