Gary Torgow
2018
In 2018, Gary Torgow earned a total compensation of $3.5M as Executive Chairman of the Board of Directors of Chemical at Chemical Financial, a 84% increase compared to previous year.
Compensation breakdown
| Salary | $456,731 |
|---|---|
| Stock Awards | $2,980,668 |
| Other | $69,170 |
| Total | $3,506,569 |
Torgow received $3M in stock awards, accounting for 85% of the total pay in 2018.
Torgow also received $456.7K in salary and $69.2K in other compensation.
Rankings
In 2018, Gary Torgow's compensation ranked 3,242nd out of 14,244 executives tracked by ExecPay. In other words, Torgow earned more than 77.2% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 3,242 out of 14,244 | 77th |
Division Finance, Insurance, And Real Estate | 589 out of 2,986 | 80th |
Major group Depository Institutions | 111 out of 1,311 | 92nd |
Industry group Commercial Banks | 99 out of 1,067 | 91st |
Industry State Commercial Banks | 41 out of 708 | 94th |
Pay ratio
| Gary Torgow's Pay | $3,506,569 |
|---|---|
| Median Employee's Pay | $40,686 |
| Pay Ratio | 86to 1 |
In 2018, the annual total compensation of Gary Torgow was $3,506,569.
The annual total compensation of the median employee at Chemical Financial was $40,686.
The ratio of Gary Torgow's pay to the pay of median employee was therefore 86 to one.
Source: SEC filing on March 28, 2019.
Torgow's colleagues
We found four more compensation records of executives who worked with Gary Torgow at Chemical Financial in 2018.