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Companies Atlas AIR Worldwide Holdings Inc

Atlas AIR Worldwide (AAWW): executive pay, fiscal 2022

Free brief. Every figure links to the company’s own filing.

Atlas AIR Worldwide Holdings Inc no longer files a proxy statement; its last pay data is FY2022.

All products and prices

CEO total pay$9,898,601CEO John Dietrich · source
CEO vs. named peers38th pct.Of 15 peer CEOs
CEO pay ratio47:1To the median employee · source

CEO pay, last three years

  • $6,099,551FY2020
  • $2,532,231FY2021
  • $9,898,601FY2022

CEO total pay was $9,898,601 in fiscal 2022, up from $2,532,231 in fiscal 2021.

FY2022: salary $920,869 · bonus $0 · stock awards $2,681,358 · option awards $0

Frequently asked questions

Who was the highest-paid executive at Atlas AIR Worldwide Holdings Inc in fiscal 2022?
As disclosed, John Dietrich (Chief Executive Officer) was the highest-paid executive at Atlas AIR Worldwide Holdings Inc in fiscal 2022, with total compensation of $9,898,601.
How does Atlas AIR Worldwide Holdings Inc's chief executive pay compare to its disclosed peer group?
As disclosed, John Dietrich's total compensation ranked at the 38th percentile of Atlas AIR Worldwide Holdings Inc's disclosed peer group.
What is Atlas AIR Worldwide Holdings Inc's CEO-to-median employee pay ratio?
As disclosed, Atlas AIR Worldwide Holdings Inc's CEO-to-median employee pay ratio was 47:1.
How much does Atlas AIR Worldwide Holdings Inc spend in total on board compensation for fiscal 2022?
As disclosed, Atlas AIR Worldwide Holdings Inc reported total board compensation of $2,277,791 for fiscal 2022.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
John Dietrich$920,869$0$2,681,358$0$5,909,167$0$387,208$9,898,601
Chief Executive Officer
Michael Steen675,02601,713,66704,115,6840317,6246,822,002
Chief Commercial Officer
Spencer Schwartz625,02401,563,96303,557,6530292,5606,039,200
Chief Financial Officer
Adam Kokas625,02401,563,96303,557,6530282,7316,029,371
General Counsel
James Forbes520,85301,022,18902,486,1790223,7814,253,002
Chief Operating Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2022 totalFY2021 totalFY2020 totalΔ FY2021→2022
John Dietrich$9,898,601$2,532,231$6,099,551↑ +7,366,370
Michael Steen6,822,0023,374,3865,388,085↑ +3,447,616
Spencer Schwartz6,039,2003,152,2934,991,358↑ +2,886,907
Adam Kokas6,029,3713,150,6694,982,041↑ +2,878,702
James Forbes4,253,002888,5721,497,782↑ +3,364,430

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is designed to incentivize and retain executives, align their interests with shareholders through performance-based metrics, and comply with CARES Act restrictions during the limitation period. The program emphasizes a strong link between pay and performance, with a significant portion of total compensation being at-risk and equity-based.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2022

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
James ForbesRSU2022-04-15——809—$55,376
Adam KokasRSU2022-04-01——12,683—1,042,669
Spencer SchwartzRSU2022-04-01——12,683—1,042,669
Michael SteenRSU2022-04-01——13,897—1,142,472
John DietrichPSU2022-04-01—9,375—22,500770,719
John DietrichPSU2022-04-13—1,801—4,322123,044
John DietrichRSU2022-04-01——18,750—1,541,438
John DietrichRSU2022-04-13——3,603—246,157
James ForbesRSU2022-04-01——5,294—435,220
James ForbesPSU2022-04-01—2,647—6,353217,610
James ForbesPSU2022-04-13—1,397—3,35395,443
James ForbesPSU2022-04-15—404—97027,654
James ForbesRSU2022-04-13——2,794—190,886
Adam KokasPSU2022-04-01—6,341—15,218521,294
Spencer SchwartzPSU2022-04-01—6,341—15,218521,294
Michael SteenPSU2022-04-01—6,948—16,675571,195

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
James Forbes$681,482$340,707$033.3%
Adam Kokas1,042,669521,294033.3%
Spencer Schwartz1,042,669521,294033.3%
Michael Steen1,142,472571,195033.3%
John Dietrich1,787,595893,763033.3%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2022

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James ForbesPSU404—$40,723
James ForbesPSU1,397—140,818
John DietrichPSU1,801—181,541
James ForbesPSU2,647—266,818
John DietrichRSU3,603—363,182
Adam KokasPSU6,341—639,173
Spencer SchwartzPSU6,341—639,173
Michael SteenPSU6,948—700,358
John DietrichPSU9,375—945,000
Adam KokasRSU12,683—1,278,446
Spencer SchwartzRSU12,683—1,278,446
Adam KokasRSU13,822—1,393,258
Spencer SchwartzRSU13,822—1,393,258
Michael SteenRSU13,897—1,400,818
Michael SteenRSU15,144—1,526,515
John DietrichRSU18,750—1,890,000
John DietrichRSU20,433—2,059,646
Adam KokasPSU20,733—2,089,886
Spencer SchwartzPSU20,733—2,089,886
Michael SteenPSU22,716—2,289,773
John DietrichPSU30,649—3,089,419
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Duncan J. McNabbIndependent · Board Chair$287,000$110,002———$397,002
Sheila A. StampsIndependent · Audit and Finance (Chair) · Nominating and Governance143,500110,002———253,502
Bobby J. GriffinIndependent · Nominating and Governance (Chair) · Compensation135,500110,002———245,502
Beverly K. GouletIndependent · Compensation (Chair)126,500110,002———236,502
Charles F. Bolden JrIndependent · Audit and Finance · Compensation125,000110,002———235,002
Carol J. ZierhofferIndependent · Audit and Finance · Nominating and Governance108,500110,002———218,502
Walter G. BorstIndependent · Audit and Finance · Newly elected58,591110,002———168,593
Raymond L. ConnerIndependent · Compensation · Newly elected58,591110,002———168,593
George A. WillisIndependent · Nominating and Governance · Newly elected58,591110,002———168,593
Timothy J. BernlohrIndependent · Departed during FY67,0000———67,000
John K. WulffIndependent · Departed during FY61,0000———61,000
Carol B. HallettIndependent · Departed during FY58,0000———58,000

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$110,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline—

Total cost of the board

ComponentFY2022
Cash retainers and fees$1,287,773
Equity awards (grant-date value)$990,018
All other compensation$0
Total cost of the board$2,277,791

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Atlas AIR Worldwide as a peer

Companies that benchmark against AAWW

No companies currently name AAWW as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

Disclosed peer group — fiscal year 2022

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1BWX Technologies, Inc.2025Rex Geveden$1,100,000$6,736,928$5,333,242$2,110,000$15,742,833
2ITT Inc.2025Luca Savi1,190,38611,073,03302,575,80015,104,378
3Curtiss-Wright Corporation2025Lynn Bamford1,090,3854,004,00005,139,70014,135,280
4Spirit AeroSystems Holdings, Inc.2024Patrick Shanahan2,000,0008,959,4750011,457,523
5Crane Holding Co.2025Max Mitchell1,244,2315,480,7381,562,5061,840,20010,518,852
6Woodward, Inc.2025Charles Blankenship, Jr.1,177,8875,898,69602,895,10010,482,876
7The Brink’s Company2025Mark Eubanks1,041,6676,679,92201,905,7509,944,765
8Alaska Air Group, Inc.2025Ben Minicucci847,6926,769,22201,632,7219,904,339
9Atlas AIR Worldwide Holdings Inc2022John Dietrich920,8692,681,35805,909,1679,898,601
10Expeditors International of Washington, Inc.2025Daniel Wall100,0005,940,13403,600,7299,643,863
11Air Lease Corporation2025John Plueger1,000,0005,313,82902,820,0009,399,534
12Hexcel Corporation2025Thomas Gentile III1,100,0003,374,9611,685,259923,2307,252,875
13Triumph Group Inc.2024Daniel Crowley975,0003,412,503—1,147,5755,606,058
14Hub Group, Inc.2024Phillip Yeager850,0002,400,342—552,5003,964,450
—AAR Corp.——————not in coverage universe
—Air Transport Services Group, Inc.——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Atlas AIR Worldwide Holdings Incnot disclosedRSU 50 · PSU 25 · Performance Cash 25not disclosednot disclosed
AAR Corp.not disclosednot disclosednot disclosednot disclosed
Air Lease Corporationnot disclosedPRSU 50 · RSU 25not disclosedExequity
Air Transport Services Group, Inc.not disclosednot disclosednot disclosednot disclosed
Alaska Air Group, Inc.110.0%RSU 50 · PSU 50NoMeridian Compensation Partners, LLC
BWX Technologies, Inc.153.5%PSU 60 · RSU 20 · Options 20NoExequity
Crane Holding Co.122.7%PSU 55 · Options 25 · RSU 20NoFrederic W. Cook & Co., Inc.
Curtiss-Wright Corporationnot disclosedPSU 40 · Cash LTI 30 · RSU 30Yes — Three-year relative TSR against the peer groupFrederic W. Cook & Co., Inc.
Expeditors International of Washington, Inc.not disclosedPSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Hexcel Corporation76.3%not disclosedNoSemler Brossy
Hub Group, Inc.not disclosedRSU 50 · PRSU 50NoAon
ITT Inc.159%PSU 60 · RSU 40Yes — Relative TSRPay Governance
Spirit AeroSystems Holdings, Inc.90.81%RSU 50 · PRSU 50Yes — Relative TSRMeridian Compensation Partners
The Brink’s Companynot disclosedPSU 75 · RSU 25NoFrederic W. Cook & Co., Inc.
Triumph Group Inc.107%PSU 70 · RSU 30NoPay Governance LLC
Woodward, Inc.127%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR) relative to S&P MidCap 400 IndexFW Cook

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

No say-on-pay vote is on file for this company.

CEO pay ratio

Ratio (CEO : median employee)47 : 1
CEO total compensation$9,898,601
Median employee compensation$208,757
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (51 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, John Dietrich. 10-K/A, filed 2023-03-28. Section “Executive Compensation” · page 24. As printed: 9,898,601. View filing ↗
  • Section 01, Michael Steen. 10-K/A, filed 2023-03-28. Section “Executive Compensation” · page 24. As printed: 6,822,002. View filing ↗
  • Section 01, Spencer Schwartz. 10-K/A, filed 2023-03-28. Section “Executive Compensation” · page 24. As printed: 6,039,200. View filing ↗
  • Section 01, Adam Kokas. 10-K/A, filed 2023-03-28. Section “Executive Compensation” · page 24. As printed: 6,029,371. View filing ↗
  • Section 01, James Forbes. 10-K/A, filed 2023-03-28. Section “Executive Compensation” · page 24. As printed: 4,253,002. View filing ↗
  • Section 03, James Forbes RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Adam Kokas RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Spencer Schwartz RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Steen RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, John Dietrich PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, John Dietrich PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, John Dietrich RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, John Dietrich RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Forbes RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Forbes PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Forbes PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Forbes PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Forbes RSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Adam Kokas PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Spencer Schwartz PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Steen PSU. DEF 14A, filed 2023-03-28. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2023-03-28. Section “CEO Pay Ratio”. As printed: 47 : 1. View filing ↗
  • Section 08, Duncan J. McNabb. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 397,002. View filing ↗
  • Section 08, Sheila A. Stamps. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 253,502. View filing ↗
  • Section 08, Bobby J. Griffin. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 245,502. View filing ↗
  • Section 08, Beverly K. Goulet. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 236,502. View filing ↗
  • Section 08, Charles F. Bolden Jr. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 235,002. View filing ↗
  • Section 08, Carol J. Zierhoffer. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 218,502. View filing ↗
  • Section 08, Walter G. Borst. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 168,593. View filing ↗
  • Section 08, Raymond L. Conner. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 168,593. View filing ↗
  • Section 08, George A. Willis. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 168,593. View filing ↗
  • Section 08, Timothy J. Bernlohr. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 67,000. View filing ↗
  • Section 08, John K. Wulff. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 61,000. View filing ↗
  • Section 08, Carol B. Hallett. DEF 14A, filed 2023-03-28. Section “Director Compensation”. As printed: 58,000. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,287,773 + equity 990,018 + all other 0 = 2,277,791, summed across the director compensation table rows.
  • BWX Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in BWX Technologies, Inc.'s own proxy. As printed: 15,742,833. View filing ↗
  • ITT Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in ITT Inc.'s own proxy. As printed: 15,104,378. View filing ↗
  • Curtiss-Wright Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Curtiss-Wright Corporation's own proxy. As printed: 14,135,280. View filing ↗
  • Spirit AeroSystems Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-23. CEO total compensation as printed in Spirit AeroSystems Holdings, Inc.'s own proxy. As printed: 11,457,523. View filing ↗
  • Crane Holding Co., Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Crane Holding Co.'s own proxy. As printed: 10,518,852. View filing ↗
  • Woodward, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Woodward, Inc.'s own proxy. As printed: 10,482,876. View filing ↗
  • The Brink’s Company, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in The Brink’s Company's own proxy. As printed: 9,944,765. View filing ↗
  • Alaska Air Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Alaska Air Group, Inc.'s own proxy. As printed: 9,904,339. View filing ↗
  • Atlas AIR Worldwide Holdings Inc (subject), Section 10b CEO total. 10-K/A, filed 2023-03-28. CEO total compensation as printed in Atlas AIR Worldwide Holdings Inc's own proxy. As printed: 9,898,601. View filing ↗
  • Expeditors International of Washington, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Expeditors International of Washington, Inc.'s own proxy. As printed: 9,643,863. View filing ↗
  • Air Lease Corporation, Section 10b CEO total. 10-K/A, filed 2026-04-30. CEO total compensation as printed in Air Lease Corporation's own proxy. As printed: 9,399,534. View filing ↗
  • Hexcel Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Hexcel Corporation's own proxy. As printed: 7,252,875. View filing ↗
  • Triumph Group Inc., Section 10b CEO total. DEF 14A, filed 2024-06-24. CEO total compensation as printed in Triumph Group Inc.'s own proxy. As printed: 5,606,058. View filing ↗
  • Hub Group, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-03. CEO total compensation as printed in Hub Group, Inc.'s own proxy. As printed: 3,964,450. View filing ↗