Bancorp CEO Damian Kozlowski's 2019 pay jumps 57% to $2.4M
Bancorp reports 2019 executive compensation
By ExecPay News
Published: March 24, 2020
Bancorp reported fiscal year 2019 executive compensation information on March 24, 2020.
In 2019, six Bancorp executives received on average a compensation package of $1.1M, a 25% increase compared to previous year.
Average pay of disclosed executives at Bancorp
Damian Kozlowski, Chief Executive Officer, received $2.4M in total, which increased by 57% compared to 2018. 32% of Kozlowski's compensation, or $755K, was in salary. Kozlowski also received $675K in bonus, $250K in option awards, $675K in stock awards, as well as $10K in other compensation.
For fiscal year 2019, the median employee pay was $78,832 at Bancorp. Therefore, the ratio of Damian Kozlowski's pay to the median employee pay was 30 to one.
Hugh McFadden, Chief Operating Officer, received a compensation package of $1.1M, which increased by 24% compared to previous year. 32% of the compensation package, or $350K, was in bonus.
Mark Connolly, Executive Vice President Head of Credit Markets, earned $957K in 2019, a 26% increase compared to previous year.
Thomas G. Pareigat, General Counsel, received $716K in 2019, which increases by 24% compared to 2018.
Paul Frenkiel, Chief Financial Officer, earned $665K in 2019, a 26% increase compared to previous year.
Gregor Garry, Chief Operating Officer, received $530K in 2019, which increases by 39% compared to 2018.
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Source: SEC filing on March 24, 2020.