2 Spirit executives get increases in pay, benefits

Spirit AeroSystems’ chief executive and one of its senior vice presidents are getting a bump in pay and benefits, according to a Securities and Exchange Commission filing.

According to the Jan. 25 filing made public on Monday, Spirit’s board of directors approved an annual base salary increase for CEO Tom Gentile from $1.1 million to $1.15 million, effective Feb. 3, and increased his annual award under the company’s long-term incentive plan from 400 percent of his base salary to 450 percent, beginning this year.

Senior vice president Duane Hawkins also will see a bump in pay and benefits this year, according to the filing. Hawkins’ annual base salary will rise from $500,000 to $520,000, and the annual award he’s eligible to receive under the incentive plan will increase to 220 percent of his base salary, up from 200 percent.

This story was originally published January 30, 2017 at 4:03 PM with the headline "2 Spirit executives get increases in pay, benefits."