American Equity Investment Life Holding Company Chairman David Noble's 2011 pay rises 10% to $1.7M

American Equity Investment Life Holding Company reports 2011 executive compensation

By ExecPay News

Published: April 23, 2012

American Equity Investment Life Holding Company reported fiscal year 2011 executive compensation information on April 23, 2012.

In 2011, six executives at American Equity Investment Life Holding Company received on average a compensation package of $961K, a 16% decrease compared to previous year.

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

David J. Noble, Chairman, received $1.7M in total, which increased by 10% compared to 2010. 42% of Noble's compensation, or $700K, was in salary. Noble also received $364K of change in pension value and nonqualified deferred compensation earnings, $448K in non-equity incentive plan, $112K in stock awards, as well as $59K in other compensation.

Wendy C. Waugaman, Chief Executive Officer, received a compensation package of $1.1M, which decreased by 19% compared to previous year. 53% of the compensation package, or $600K, was in salary.

John M. Matovina, Chief Executive Officer, earned $931K in 2011, a 25% decrease compared to previous year.

Debra J. Richardson, Secretary, received $832K in 2011, which decreases by 31% compared to 2010.

Ronald J. Grensteiner, Executive Vice President, earned $702K in 2011, a 30% decrease compared to previous year.

Ted M. Johnson, Chief Financial Officer, received $481K in 2011, which decreases by 2% compared to 2010.