Companies HYSTER-YALE
HYSTER-YALE (HY): executive pay, fiscal 2025
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CEO pay, last three years
- $8,694,939FY2023
- $8,096,622FY2024
- $4,399,954FY2025
CEO total pay was $4,399,954 in fiscal 2025, down from $8,096,622 in fiscal 2024.
FY2025: salary $1,163,405 · bonus $0 · stock awards $1,293,291 · option awards $0
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Rajiv Prasad | $1,163,405 | $0 | $1,293,291 | $0 | $1,546,019 | $44,724 | $352,515 | $4,399,954 |
| President and CEO - Hyster-Yale | ||||||||
| Alfred Rankin | 1,049,411 | 0 | 935,417 | 0 | 1,131,090 | 33,537 | 334,667 | 3,484,122 |
| Executive Chairman - Hyster-Yale | ||||||||
| Anthony Salgado | 803,439 | 0 | 587,147 | 0 | 751,113 | 22,167 | 193,894 | 2,357,760 |
| President and Chief Executive Officer, HYMH - Hyster-Yale | ||||||||
| Charles Pascarelli | 644,406 | 0 | 229,015 | 0 | 405,860 | 17,418 | 157,334 | 1,454,033 |
| Senior Vice President, President, Americas - HYMH | ||||||||
| Scott Minder | 498,590 | 0 | 163,430 | 0 | 256,588 | 8,825 | 93,057 | 1,020,490 |
| Former Senior Vice President, Chief Financial Officer and Treasurer - Hyster-Yale | ||||||||
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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Rajiv Prasad | $4,399,954 | $8,096,622 | $8,694,939 | ↓ −3,696,668 |
| Alfred Rankin | 3,484,122 | 6,673,780 | 9,979,305 | ↓ −3,189,658 |
| Anthony Salgado | 2,357,760 | 3,608,764 | 4,101,435 | ↓ −1,251,004 |
| Charles Pascarelli | 1,454,033 | 2,184,838 | 2,609,698 | ↓ −730,805 |
| Scott Minder | 1,020,490 | 1,535,517 | 1,877,938 | ↓ −515,027 |
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 guiding principle of the compensation program is to maintain a strong link among an employee's compensation, individual performance, and the performance of the Company or business unit for which the employee is responsible. The primary objectives are to attract, retain, and motivate talented management, reward competitive total compensation for the achievement of specific corporate and individual goals, and align management's interests with those of stockholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Korn Ferry |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Rajiv Prasad | PSU | 2026-02-27 | — | — | — | — | $1,293,291 |
| Scott Minder | PSU | 2026-02-27 | — | — | — | — | 163,430 |
| Charles Pascarelli | PSU | 2026-02-27 | — | — | — | — | 229,015 |
| Alfred M. Rankin Jr. | PSU | 2026-02-27 | — | — | — | — | 935,417 |
| Anthony Salgado | PSU | 2026-02-27 | — | — | — | — | 587,147 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Rajiv Prasad | $0 | $1,293,291 | $0 | 100.0% |
| Scott Minder | 0 | 163,430 | 0 | 100.0% |
| Charles Pascarelli | 0 | 229,015 | 0 | 100.0% |
| Alfred M. Rankin Jr. | 0 | 935,417 | 0 | 100.0% |
| Anthony Salgado | 0 | 587,147 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
No outstanding equity awards are on file for this fiscal year.
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dennis W. LaBarreIndependent · Audit Review · Nominating and Corporate Governance (Chair) · Finance · Executive | $158,579 | $139,624 | — | — | $5,158 | $303,361 |
| Carolyn CorviIndependent · Audit Review · Nominating and Corporate Governance · Compensation and Human Capital · Finance · Executive | 148,579 | 139,624 | — | — | 7,819 | 296,022 |
| John P. JumperIndependent · Audit Review · Nominating and Corporate Governance · Compensation and Human Capital (Chair) · Executive | 128,579 | 139,624 | — | — | 5,191 | 273,394 |
| Edward T. EliopoulosIndependent · Audit Review (Chair) · Compensation and Human Capital · Executive | 121,079 | 139,624 | — | — | 7,913 | 268,616 |
| J.C. Butler JrNot independent | 123,579 | 139,624 | — | — | 5,315 | 268,518 |
| Colleen R. BatchelerIndependent · Audit Review · Nominating and Corporate Governance | 101,079 | 139,624 | — | — | 8,413 | 249,116 |
| James B. BemowskiIndependent · Finance | 101,079 | 139,624 | — | — | 8,334 | 249,037 |
| H. Vincent PoorIndependent · Nominating and Corporate Governance · Compensation and Human Capital | 101,079 | 139,624 | — | — | 8,285 | 248,988 |
| Ann A. O'HaraIndependent · Audit Review | 101,079 | 139,624 | — | — | 7,026 | 247,729 |
| Gary L. CollarIndependent · Audit Review · Compensation and Human Capital | 173 | 233,596 | — | — | 7,913 | 241,682 |
| David B.H. WilliamsNot independent · Finance | 88,579 | 139,624 | — | — | 7,091 | 235,294 |
| Claiborne R. RankinNot independent · Finance | 88,579 | 139,624 | — | — | 5,334 | 233,537 |
| Britton T. TaplinNot independent · Finance | 88,579 | 139,624 | — | — | 4,315 | 232,518 |
| Alfred M. Rankin JrEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $76,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,350,621 |
| Equity awards (grant-date value) | $1,909,084 |
| All other compensation | $88,107 |
| Total cost of the board | $3,347,812 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names HYSTER-YALE as a peer
Companies that benchmark against HY
6 companies name HY as a compensation peer
- ASTEC INDUSTRIES INCASTEFY2025
- Dauch CorpDCHFY2025
- GREENBRIER COMPANIES INCGBXFY2025
- MANITOWOC CO INCMTWFY2025
- PATRICK INDUSTRIES INCPATKFY2025
- SHYFT GROUP, INC.SHYFFY2024
- TEREX CORPTEXFY2025
- WINNEBAGO INDUSTRIES INCWGOFY2025
Each company listed discloses HY in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named HY in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | HYSTER-YALE | 2025 | Rajiv Prasad | $1,163,405 | $1,293,291 | $0 | $1,546,019 | $4,399,954 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-12 | 43,107,958 | 1,783,884 | 133,032 | 96.03% | Passed |
| 2025 | 2025-05-13 | 44,457,253 | 557,969 | 97,035 | 98.76% | Passed |
| 2024 | 2024-05-08 | 44,260,149 | 323,189 | 85,052 | 99.28% | Passed |
| 2023 | 2023-05-09 | 46,166,251 | 1,349,904 | 32,326 | 97.16% | Passed |
| 2022 | 2022-05-10 | 46,684,430 | 641,116 | 80,747 | 98.65% | Passed |
| 2021 | 2021-05-12 | 47,415,359 | 219,729 | 30,093 | 99.54% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-12 | 96.03%a |
| 2025 | 2025-05-13 | 98.76%b |
| 2024 | 2024-05-08 | 99.28%c |
a. Approved under the standard stated in the filing — “Abstentions with respect to proposals 2, 3 and 4, and broker non-votes in respect of proposals 2 and 3 will not be counted and will have no effect for purposes of determining whether a proposal has received the requisite approval by our stockholders.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted for purposes of such proposal.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be counted for purposes of such proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (31 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, Rajiv Prasad. DEF 14A, filed 2026-03-24. Section “Summary Compensation Table” · page 32. As printed: 4,399,954. View filing ↗
- Section 01, Alfred Rankin. DEF 14A, filed 2026-03-24. Section “Summary Compensation Table” · page 32. As printed: 3,484,122. View filing ↗
- Section 01, Anthony Salgado. DEF 14A, filed 2026-03-24. Section “Summary Compensation Table” · page 32. As printed: 2,357,760. View filing ↗
- Section 01, Charles Pascarelli. DEF 14A, filed 2026-03-24. Section “Summary Compensation Table” · page 32. As printed: 1,454,033. View filing ↗
- Section 01, Scott Minder. DEF 14A, filed 2026-03-24. Section “Summary Compensation Table” · page 32. As printed: 1,020,490. View filing ↗
- Section 03, Rajiv Prasad PSU. DEF 14A, filed 2026-03-24. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Scott Minder PSU. DEF 14A, filed 2026-03-24. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Charles Pascarelli PSU. DEF 14A, filed 2026-03-24. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Alfred M. Rankin Jr. PSU. DEF 14A, filed 2026-03-24. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Anthony Salgado PSU. DEF 14A, filed 2026-03-24. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 08, Dennis W. LaBarre. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 303,361. View filing ↗
- Section 08, Carolyn Corvi. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 296,022. View filing ↗
- Section 08, John P. Jumper. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 273,394. View filing ↗
- Section 08, Edward T. Eliopoulos. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 268,616. View filing ↗
- Section 08, J.C. Butler Jr. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 268,518. View filing ↗
- Section 08, Colleen R. Batcheler. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 249,116. View filing ↗
- Section 08, James B. Bemowski. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 249,037. View filing ↗
- Section 08, H. Vincent Poor. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 248,988. View filing ↗
- Section 08, Ann A. O'Hara. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 247,729. View filing ↗
- Section 08, Gary L. Collar. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 241,682. View filing ↗
- Section 08, David B.H. Williams. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 235,294. View filing ↗
- Section 08, Claiborne R. Rankin. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 233,537. View filing ↗
- Section 08, Britton T. Taplin. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 232,518. View filing ↗
- Section 08, Alfred M. Rankin Jr. DEF 14A, filed 2026-03-24. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-14. Item 5.07 · say-on-pay result. As reported: 96.03% (votes for as printed: 43,107,958). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-14. Item 5.07 · say-on-pay result. As reported: 98.76% (votes for as printed: 44,457,253). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-13. Item 5.07 · say-on-pay result. As reported: 99.28% (votes for as printed: 44,260,149). 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 1,350,621 + equity 1,909,084 + all other 88,107 = 3,347,812, summed across the director compensation table rows.
- HYSTER-YALE (subject), Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in HYSTER-YALE's own proxy. As printed: 4,399,954. View filing ↗