Scott C. Donnelly is the CEO of Textron, Inc., a role he has held since December 1, 2009. He has a strong educational background with a bachelor's degree in mechanical engineering and an MBA from the University of Michigan. Before...

Number of Employees

35K

Year

2022

Total Compensation

$16.48M

Salary

$1.28M

Board Justification

Textron’s compensation philosophy is to establish target total direct compensation with reference to a talent peer group median and to tie a substantial portion of our executives’ compensation to performance against objective business metrics and stock price performance.

Bonus

$2.70M

Board Justification

Annual incentive compensation earned under Textron’s annual incentive compensation program based on performance metrics for 2022.

Other

$160.67K

Board Justification

Includes contributions to retirement plans, Spillover Savings Plan contributions, and perquisites such as personal travel on corporate aircraft.

Restricted Stock

$12.33M(174.13K PSU)

Board Justification

Performance share units (PSUs) that vested in 2022 based on performance metrics for the 2020-2022 cycle.

Performance Metrics

Annual incentive compensation based on profitability, manufacturing cash flow, and hiring diversity metrics.

SEC Filing

From March 3, 2023

Scott C. Donnelly

CEO of Textron

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Education

Bachelor's degree in Mechanical Engineering from the University of Michigan and an MBA from the University of Michigan's Ross School of Business

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1969 - 56 years ago

Is Founder?

No

Current Tenure

15 years 1 month (Dec 2009 - Present)

Previous Experience

Chief Operating Officer of Textron Inc.