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Industrials & Aerospace

Eaton Corp Executive Compensation (FY25)

ETN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Paulo Ruiz
Median of the other named officers
$5,047,724
6 officers, excluding the chief executive
Latest say-on-pay support
=
April 22, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 1, 2026Latest filing (8-K): April 23, 2026
13 filings cited on this page
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459 figures on this page: 449 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on Eaton Corp

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Paulo Ruiz: $5,031,963 → $7,923,677 (57.5% higher)
Say-on-pay support: 93.2% → 93.0% (0.2 points lower)
CEO pay ratio: 563:1 → 128:1 (77.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Eaton Corp's chief executive and what were they paid?
Paulo Ruiz, Chief Executive Officer of Eaton Corporation, received $7,923,677 in total compensation for fiscal 2025. Ruiz's total was 57.5% higher than the $5,031,963 reported for fiscal 2024.
What was Eaton Corp's say-on-pay result?
The say-on-pay proposal drew 93.0% of votes cast for or against in favor at the meeting held April 22, 2026 for fiscal 2025.
Which companies are in Eaton Corp's peer group?
The disclosed peer group names 3M Company, ABB Ltd, Aptiv PLC, Carrier Global Corporation and Caterpillar Inc., among others.
What is Eaton Corp's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 128:1, against median employee compensation of $61,945.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig Arnold
Chairman and Chief Executive Officer
◇◇◇◇◇—◇◇
Uday Yadav
Former President & COO - Electrical Sector
Departed during or after this year
◇◇◇◇◇◇◇◇
Thomas Okray
Executive Vice President and Chief Financial Officer
◇◇◇◇◇—◇◇
Heath Monesmith
President & COO - Electrical Sector
◇◇◇◇◇—◇◇
Paulo Ruiz
President & COO – Industrial Sector
◇◇◇◇◇—◇◇
Brian Brickhouse
President – Americas Region, Electrical Sector
◇◇◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig Arnold
Former Chairman of the Company and Chief Executive Officer of Eaton Corporation
◇—◇◇◇◇◇◇
Heath Monesmith
President and Chief Operating Officer Electrical Sector of Eaton Corporation
◇—◇◇◇◇◇◇
Paulo Ruiz
Chief Executive Officer of Eaton Corporation
◇—◇◇◇◇◇◇
Ernest Marshall
Former Executive Vice President and Chief Human Resources Officer
Departed during or after this year
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig Arnold
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Olivier Leonetti
Executive Vice President and Chief Financial Officer
◇◇◇◇◇—◇◇
Heath Monesmith
President and Chief Operating Officer - Electrical Sector
◇—◇◇◇◇◇◇
Paulo Ruiz
President and Chief Operating Officer
◇—◇◇◇◇◇◇
Ernest Marshall
Executive Vice President and Chief Human Resources Officer
◇—◇◇◇◇◇◇
Thomas Okray
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—————◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Craig Arnold
Former Chairman of the Company and Chief Executive Officer of Eaton Corporation
Departed during or after this year
◇—◇◇◇◇◇◇
Paulo Ruiz
Chief Executive Officer of Eaton Corporation
◇—◇◇◇◇◇◇
Olivier Leonetti
Executive Vice President and Chief Financial Officer of Eaton Corporation
◇—◇◇◇—◇◇
Ernest Marshall
Former Executive Vice President and Chief Human Resources Officer of Eaton Corporation
Departed during or after this year
◇—◇◇◇◇◇◇
Kaled Awada
Executive Vice President and Chief Human Resources Officer of Eaton Corporation
◇◇◇—◇◇◇◇
Heath Monesmith
President and Chief Operating Officer Electrical Sector of Eaton Corporation
◇—◇◇◇◇◇◇
Lucy Clark Dougherty
Executive Vice President and Chief Legal Officer of Eaton Corporation
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Craig ArnoldRSU◇——◇——◇
Craig ArnoldOPTION◇——◇—◇◇
Craig ArnoldPSU◇◇◇—◇—◇
Ernest MarshallRSU◇——◇——◇
Ernest MarshallOPTION◇——◇—◇◇
Ernest MarshallPSU◇◇◇—◇—◇
Heath MonesmithOPTION◇——◇—◇◇
Heath MonesmithRSU◇——◇——◇
Heath MonesmithPSU◇◇◇—◇—◇
Kaled AwadaRSU◇——◇——◇
Lucy Clark DoughertyEquity◇——◇——◇
Lucy Clark DoughertyPSU◇——◇——◇
Lucy Clark DoughertyPSU◇◇◇—◇—◇
Olivier LeonettiOPTION◇——◇—◇◇
Olivier LeonettiRSU◇——◇——◇
Olivier LeonettiPSU◇◇◇—◇—◇
Paulo RuizOPTION◇——◇—◇◇
Paulo RuizRSU◇——◇——◇
Paulo RuizPSU◇◇◇—◇—◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Craig ArnoldRSU◇◇——
Option◇—◇February 26, 2035
Option◇—◇February 28, 2034
Option◇—◇February 23, 2033
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Olivier LeonettiOption◇—◇March 1, 2034
Option◇—◇February 26, 2035
Option◇—◇February 28, 2034
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Paulo RuizOption◇—◇February 26, 2035
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇February 28, 2034
PSU◇◇——
Option◇—◇February 22, 2033
RSU◇◇——
Heath MonesmithRSU◇◇——
Option◇—◇February 26, 2035
Option◇—◇February 28, 2034
PSU◇◇——
PSU◇◇——
Option◇—◇February 22, 2033
RSU◇◇——
RSU◇◇——
Kaled AwadaRSU◇◇——
Ernest MarshallRSU◇◇——
Option◇—◇February 26, 2035
Option◇—◇February 28, 2034
RSU◇◇——
Option◇—◇February 22, 2033
PSU◇◇——
RSU◇◇——
PSU◇◇——
Lucy Clark DoughertyRSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Craig Arnold
Former Chairman of the Company and Chief Executive Officer of Eaton Corporation · Terms as described in the company’s compensation discussion
Change-in-control multiple◇
Benefits continuation on change in control◇
Excise tax treatment◇
Non-compete period◇
Ernest Marshall
Former Executive Vice President and Chief Human Resources Officer of Eaton Corporation · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Excise tax treatment◇
Non-compete period◇
Heath Monesmith
President and Chief Operating Officer Electrical Sector of Eaton Corporation · Terms as announced by the company
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Kaled Awada
Executive Vice President and Chief Human Resources Officer of Eaton Corporation · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Lucy Clark Dougherty
Executive Vice President and Chief Legal Officer of Eaton Corporation · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Olivier Leonetti
Executive Vice President and Chief Financial Officer of Eaton Corporation · Terms as announced by the company
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Paulo Ruiz
Chief Executive Officer of Eaton Corporation · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Page
Board chair · Lead independent director
◇◇———◇◇
Gerald Smith
◇◇———◇◇
Dorothy Thompson
◇◇———◇◇
Lori Ryerkerk
◇◇———◇◇
Silvio Napoli
◇◇———◇◇
Darryl Wilson
◇◇———◇◇
Andre Schulten
◇◇———◇◇
Robert Pragada
◇◇———◇◇
Sandra Pianalto
◇◇———◇◇
Karenann Terrell
◇◇———◇◇
Gerald Johnson
◇◇———◇◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • ABB Ltd ABT
  • Aptiv PLC APTV
  • Carrier Global Corporation CARR
  • Caterpillar Inc. CAT
  • Cummins Inc. CMI
  • Deere & Company DE
  • Dover Corporation DOV
  • Emerson Electric Co. EMR
  • Honeywell International Inc. HON
  • Illinois Tool Works Inc. ITW
  • International Paper Company IP
  • Johnson Controls International plc JCI
  • Lear Corporation LEA
  • Northrop Grumman Corporation NOC
  • Otis Worldwide Corporation OTIS
  • PACCAR Inc. PCAR
  • Parker-Hannifin Corporation PH
  • Rockwell Automation, Inc. ROK
  • Stanley Black & Decker, Inc. SWK
  • TE Connectivity plc. TEL
  • Trane Technologies plc TT
  • Whirlpool Corporation WHR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 22, 2026=◇◇◇
2024April 23, 2025=◇◇◇
2023April 24, 2024=◇◇◇
2022April 26, 2023=◇◇◇
2021April 27, 2022=◇◇◇
2020April 28, 2021=◇◇◇
2019April 22, 2020=◇◇◇
2018April 24, 2019=◇◇◇
2017April 25, 2018=◇◇◇
2016April 26, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Paulo Ruiz (Chief Executive Officer of Eaton Corporation), FY2025 total compensation $7,923,677 (base salary $1,087,116) [exec_comp, SEC accession 0001193125-26-105117, filed 2026-03-13]

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What this page does not include

Everything above is a fact Eaton Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Eaton Corp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
459 figures on this page: 449 cited to the filing that reported them, 10 calculated from figures it prints.
449 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001140361-26-016399
    Proposal 3 – Approving, on an advisory basis, the Company’s executive compensation.
  2. 0001193125-26-105117
    2025 Director Compensation · CEO Pay Ratio · Compensation Discussion and Analysis · Compensation Tables · and 2 more sections
  3. 0001140361-25-015476
    Proposal 3 – Advisory approval of the Company’s executive compensation.
  4. 0001308179-25-000129
    Compensation Tables
  5. 0001140361-24-022362
  6. 0001140361-23-021753
  7. 0001308179-23-000228
    Compensation Tables
  8. 0001140361-22-016454
  9. 0001551182-21-000109
  10. 0001551182-20-000121
  11. 0001551182-19-000120
  12. 0001551182-18-000167
  13. 0001551182-17-000127
Cite this data
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Velarion, “Eaton Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ETN (accessed 2026).
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The paid brief for Eaton Corp

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13 filings cited on this page
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers Eaton Corp discloses

The companies named in ETN's own disclosed peer group.

3M CompanyABB LtdAptiv PLCCarrier Global CorporationCaterpillar Inc.Cummins Inc.Deere & CompanyDover CorporationEmerson Electric Co.Honeywell International Inc.Illinois Tool Works Inc.International Paper CompanyJohnson Controls International plcLear CorporationNorthrop Grumman CorporationOtis Worldwide CorporationPACCAR Inc.Parker-Hannifin CorporationRockwell Automation, Inc.Stanley Black & Decker, Inc.TE Connectivity plc.Trane Technologies plcWhirlpool Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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