American Equity Investment Life Holding Company Chairman David Noble's 2009 pay jumps 23% to $720K

American Equity Investment Life Holding Company reports 2009 executive compensation

By ExecPay News

Published: April 28, 2010

American Equity Investment Life Holding Company reported fiscal year 2009 executive compensation information on April 28, 2010.

In 2009, six executives at American Equity Investment Life Holding Company received on average a compensation package of $573K, a 27% increase compared to previous year.

Average pay of disclosed executives at American Equity Investment Life Holding Company

David J. Noble, Chairman, received $720K in total, which increased by 23% compared to 2008. 69% of Noble's compensation, or $500K, was in salary. Noble also received $174K in option awards and $45K in other compensation.

Wendy C. Waugaman, Chief Executive Officer, received a compensation package of $697K, which increased by 24% compared to previous year. 65% of the compensation package, or $450K, was in salary.

Debra J. Richardson, Secretary, earned $645K in 2009, a 15% increase compared to previous year.

John M. Matovina, Chief Financial Officer, received $604K in 2009, which increases by 37% compared to 2008.

James M. Gerlach, Executive Vice President, earned $405K in 2009, a 2% decrease compared to previous year.

Ronald J. Grensteiner, Vice President, received $367K in 2009, which increases by 96% compared to 2008.