Mary Barra’s complete compensation in 9 years as CEO of Normal Motors has surpassed $200 million.
Barra obtained a pay bundle price simply lower than $29 million in 2022, in line with a submitting with the Securities and Change Fee on Friday. That made her the highest-paid Detroit 3 CEO for an eighth consecutive 12 months.
Barra, 61, earned 0.5 % much less final 12 months than she did in 2021. Her wage was unchanged at $2.1 million, choice awards elevated 24 % to $4.9 million and nonequity incentive compensation declined 18 % to $6.3 million. Inventory awards, which account for almost all of Barra’s compensation, elevated 0.3 % to $14.6 million.
In figuring out her pay, GM’s board of administrators famous that the corporate achieved information for adjusting pretax earnings, world income and profit-sharing for hourly staff, in line with the submitting.
Barra’s compensation topped the $25.6 million that Stellantis shareholders accredited for CEO Carlos Tavares this month and the $21 million earned by Ford Motor Co. CEO Jim Farley. Barra is the one one of many three who additionally serves as chairman.
GM stated President Mark Reuss obtained compensation price $14.4 million in 2022, up 14 % from the prior 12 months. CFO Paul Jacobson’s compensation was price $10.2 million, a 6.9 % enhance.
Doug Parks, who heads product growth, buying and provide chain, and North America President Steve Carlisle every obtained $8.8 million, down barely from 2021.