CEO Pay Watch Donaldson Co. Inc.
William Cook, chairman
Total compensation: $4,849,808 for the year ended July 31, 2015
Non-equity incentive pay: $73,141
Other compensation: $79,151
Exercised stock options: $3,652,345
Value realized on vesting shares: $183,925
New stock options: 134,500
Total shareholder return: -11.9 percent
Note: Cook took home $4.8 million in total compensation in his last year as day-to-day leader of the Bloomington-based industrial filter maker. Cook retired as president and CEO on April 1, 2015, but remained chairman. Tod Carpenter was promoted to president and CEO.
The 62-year old Cook has been with Donaldson for 34 years. He was the company’s chief financial officer and was promoted to president and CEO in March 2004.
As part of the CEO transition, Cook received a downward revision to reflect his change in responsibilities, from $978,500 to $650,000 per year.
During Cook’s tenure as president and CEO, the company’s stock had a total return of 185 percent and revenue rose by nearly $1 billion per year, from $1.4 billion in 2004 to $2.4 billion in the company’s latest fiscal year.