Edward J. Merritt
2019
In 2019, Edward J. Merritt earned a total compensation of $401K as Executive Vice President, Business Development and Community Reinvestment at Meridian Bancorp, a 5% increase compared to previous year.
Compensation breakdown
| Bonus | $99,270 |
|---|---|
| Salary | $275,749 |
| Other | $25,982 |
| Total | $401,001 |
Merritt received $275.7K in salary, accounting for 69% of the total pay in 2019.
Merritt also received $99.3K in bonus and $26K in other compensation.
Rankings
In 2019, Edward J. Merritt's compensation ranked 12,335th out of 13,971 executives tracked by ExecPay. In other words, Merritt earned more than 11.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 12,335 out of 13,971 | 12th |
Division Finance, Insurance, And Real Estate | 2,496 out of 2,894 | 14th |
Major group Depository Institutions | 970 out of 1,219 | 20th |
Industry group Commercial Banks | 841 out of 1,007 | 17th |
Industry National Commercial Banks | 323 out of 369 | 13th |
Pay ratio
| Edward J. Merritt's Pay | $401,001 |
|---|---|
| Median Employee's Pay | $57,094 |
| Pay Ratio | 7to 1 |
In 2019, the annual total compensation of Edward J. Merritt was $401,001.
The annual total compensation of the median employee at Meridian Bancorp was $57,094.
The ratio of Edward J. Merritt's pay to the pay of median employee was therefore 7 to one.
Source: SEC filing on May 8, 2020.
Merritt's colleagues
We found four more compensation records of executives who worked with Edward J. Merritt at Meridian Bancorp in 2019.