Western Regional Banks CEO Pay Relies on Cash

Western Regional Banks CEO Pay Relies on Cash

Vivient Consulting’s analysis of CEO pay at regional banks in the West shows that CEO pay is predominantly cash-based.  Vivient Consulting reviewed the 2014 proxy data of 40 Western regional banks ranging in assets from $500 million to $10 billion.  Our findings show median salary of $400,000 and annual incentives of $225,000, which together represent over 75% of total pay mix.  Median total direct compensation (salary, bonus, and long-term incentives) is close to $700,000, with an additional $100,000 in other compensation (such as benefits).  Most banks (approximately two-thirds) grant equity to the CEOs.  Time-based restricted stock is the preferred equity vehicle; however, the adoption of more performance-based short-term and long-term incentive plans is growing.

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