Banc of California CEO Jared Wolff's 2021 pay jumps 28% to $2.7M
Banc of California reports 2021 executive compensation
By ExecPay News
Published: March 30, 2022
Banc of California reported fiscal year 2021 executive compensation information on March 30, 2022.
In 2021, five executives at Banc of California received on average a compensation package of $1.3M, a 19% increase compared to previous year.
Average pay of disclosed executives at Banc of California
Jared M. Wolff, Chief Executive Officer, received $2.7M in total, which increased by 28% compared to 2020. 37% of Wolff's compensation, or $1M, was in non-equity incentive plan. Wolff also received $800K in salary, $810K in stock awards, as well as $81K in other compensation.
For fiscal year 2021, the median employee pay was $101,223 at Banc of California. Therefore, the ratio of Jared M. Wolff's pay to the median employee pay was 27 to one.
Lynn M. Hopkins, Chief Financial Officer, received a compensation package of $1.2M, which increased by 10% compared to previous year. 36% of the compensation package, or $443K, was in salary.
Lynn A. Sullivan, Chief Risk Officer, earned $943K in 2021, a 12% increase compared to previous year.
Ido Dotan, General Counsel, received $921K in 2021, which increases by 23% compared to 2020.
Robert Dyck, Chief Credit Officer, earned $774K in 2021, a 14% increase compared to previous year.
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Source: SEC filing on March 30, 2022.