CEO Pay Watch Graco Inc.
Patrick McHale, president, CEO
Total compensation: $3,014,265 for the year ended Dec. 27
Salary: $701,200
Non-equity incentive pay: $997,475
Other compensation: $33,961
Exercised stock options: $1,281,629
New stock options: 135,000
Total 2013 shareholder return: 54.1 percent
Note: Minneapolis-based Graco paid approximately $650 million in April 2012 for the Finishing Business of Illinois Tool Works and is now seeing the benefits. The maker of industrial and commercial fluid handling products had 2013 revenue of $1.1 billion, up 9 percent from 2012, and diluted earnings per share of $3.36 rose 39 percent.
