CEO Salary & Executive Compensation
Dover Corporation DOV
CEO: Richard Tobin · Industrial Equipment · 26,000 employees
Richard Tobin, CEO of Dover Corporation (DOV), earned $8.0M in total compensation in 2025. Dover Corporation receives a Pay-for-Performance grade of B (70/100), with a CEO-to-worker pay ratio of 107:1 and a say-on-pay shareholder approval of 91.3%. The company's 3-year total shareholder return is +6.0%.
How Dover Corporation CEO Pay Compares
Richard Tobin's $8.0M total compensation is 0% below the Industrial Equipment industry median of $8.0M. The 107:1 CEO-to-worker pay ratio is 0% lower than the industry average of 107:1.
Total compensation for Richard Tobin at Dover Corporation (DOV) was $8.0M. Mid-cap public-company CEO packages tend to track this pattern — equity-heavy, multi-year vesting, performance-tied.
The CEO-to-median-worker pay ratio runs 107x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Performance has been muted across the three-year window: 6.0% TSR, 7.6% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Say-on-pay support was strong at 91%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. Dover Corporation operates in Industrial Equipment with 26,000 employees and $8.5B in annual revenue, and currently carries a market capitalization of $25.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Dover Corporation (DOV).
Compensation Breakdown
Richard Tobin's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
More Industrial Equipment Companies
Richard Tobin, CEO of Dover Corporation (DOV), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Richard Tobin, CEO of Dover Corporation (DOV), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Dover Corporation has a Pay-for-Performance Score of B (70/100). The company's 3-year total shareholder return is +6.0%, and the say-on-pay shareholder vote passed with 91.3% approval.
The CEO-to-median-worker pay ratio at Dover Corporation is 107:1. The median worker at Dover Corporation earns $75K per year, while CEO Richard Tobin earns $8.0M in total compensation.
Dover Corporation employs approximately 26,000 people. The company operates in the Industrial Equipment industry within the Industrials sector, generating $8.5B in annual revenue.