1st Source CEO Christopher Murphy's 2010 pay jumps 89% to $1.9M
1st Source reports 2010 executive compensation
By ExecPay News
Published: March 14, 2011
1st Source reported fiscal year 2010 executive compensation information on March 14, 2011.
In 2010, five 1st Source executives received on average a compensation package of $776K, a 41% increase compared to previous year.
Average pay of disclosed executives at 1st Source
Christopher J. Murphy III, Chief Executive Officer, received $1.9M in total, which increased by 89% compared to 2009. 36% of Murphy's compensation, or $681K, was in non-equity incentive plan. Murphy also received $659K in salary, $437K in stock awards, as well as $95K in other compensation.
Wellington D. Jones III, Chief Operating Officer, received a compensation package of $730K, which increased by 39% compared to previous year. 52% of the compensation package, or $379K, was in salary.
John B. Griffith, General Counsel, earned $501K in 2010, a 36% increase compared to previous year.
Larry E. Lentych, Chief Financial Officer, received $395K in 2010, which increases by 21% compared to 2009.
Allen R. Qualey, Chief Operating Officer, earned $382K in 2010.
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Source: SEC filing on March 14, 2011.