Edward J. Merritt
2018
In 2018, Edward J. Merritt earned a total compensation of $381.6K as Executive Vice President, Business Development and Community Reinvestment at Meridian Bancorp, a 30% decrease compared to previous year.
Compensation breakdown
| Bonus | $87,899 |
|---|---|
| Salary | $266,359 |
| Other | $27,340 |
| Total | $381,598 |
Merritt received $266.4K in salary, accounting for 70% of the total pay in 2018.
Merritt also received $87.9K in bonus and $27.3K in other compensation.
Rankings
In 2018, Edward J. Merritt's compensation ranked 12,664th out of 14,244 executives tracked by ExecPay. In other words, Merritt earned more than 11.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 12,664 out of 14,244 | 11th |
Division Finance, Insurance, And Real Estate | 2,545 out of 2,986 | 15th |
Major group Depository Institutions | 1,022 out of 1,311 | 22nd |
Industry group Commercial Banks | 883 out of 1,067 | 17th |
Industry National Commercial Banks | 310 out of 347 | 11th |
Pay ratio
| Edward J. Merritt's Pay | $381,598 |
|---|---|
| Median Employee's Pay | $74,356 |
| Pay Ratio | 5to 1 |
In 2018, the annual total compensation of Edward J. Merritt was $381,598.
The annual total compensation of the median employee at Meridian Bancorp was $74,356.
The ratio of Edward J. Merritt's pay to the pay of median employee was therefore 5 to one.
Source: SEC filing on April 10, 2019.
Merritt's colleagues
We found four more compensation records of executives who worked with Edward J. Merritt at Meridian Bancorp in 2018.