American Equity Investment Life Holding Company Chairman David Noble's 2012 pay falls 30% to $1.2M

American Equity Investment Life Holding Company reports 2012 executive compensation

By ExecPay News

Published: April 22, 2013

American Equity Investment Life Holding Company reported fiscal year 2012 executive compensation information on April 22, 2013.

In 2012, six executives at American Equity Investment Life Holding Company received on average a compensation package of $687K, a 29% decrease compared to previous year.

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

David J. Noble, Chairman, received $1.2M in total, which decreased by 30% compared to 2011. 62% of Noble's compensation, or $730K, was in salary. Noble also received $41K of change in pension value and nonqualified deferred compensation earnings, $242K in non-equity incentive plan, $104K in stock awards, as well as $61K in other compensation.

John M. Matovina, Chief Executive Officer, received a compensation package of $867K, which decreased by 7% compared to previous year. 66% of the compensation package, or $575K, was in salary.

Debra J. Richardson, Secretary, earned $698K in 2012, a 16% decrease compared to previous year.

Ronald J. Grensteiner, Executive Vice President, received $596K in 2012, which decreases by 15% compared to 2011.

Ted M. Johnson, Chief Financial Officer, earned $494K in 2012, a 3% increase compared to previous year.

Wendy C. Waugaman, Chief Executive Officer, received $290K in 2012, which decreases by 75% compared to 2011.