Banc of California CEO Jared Wolff's 2020 pay falls 57% to $2.1M
Banc of California reports 2020 executive compensation
By ExecPay News
Published: March 31, 2021
Banc of California reported fiscal year 2020 executive compensation information on March 31, 2021.
In 2020, five executives at Banc of California received on average a compensation package of $1.1M, a 17% decrease compared to previous year.
Average pay of disclosed executives at Banc of California
Jared M. Wolff, Chief Executive Officer, received $2.1M in total, which decreased by 57% compared to 2019. 36% of Wolff's compensation, or $762K, was in stock awards. Wolff also received $563K in non-equity incentive plan, $750K in salary, as well as $42K in other compensation.
For fiscal year 2020, the median employee pay was $95,000 at Banc of California. Therefore, the ratio of Jared M. Wolff's pay to the median employee pay was 22 to one.
Lynn M. Hopkins, Chief Financial Officer, received a compensation package of $1.1M, which increased by 158% compared to previous year. 39% of the compensation package, or $432K, was in stock awards.
Lynn A. Sullivan, Chief Risk Officer, earned $840K in 2020, a 7% decrease compared to previous year.
Ido Dotan, General Counsel, received $751K in 2020, which increases by 45% compared to 2019.
Robert Dyck, Chief Credit Officer, earned $680K in 2020.
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Source: SEC filing on March 31, 2021.