Berkshire Hills Bancorp CEO Michael Daly receives $1M in 2006
Berkshire Hills Bancorp reports 2006 executive compensation
By ExecPay News
Published: April 2, 2007
Berkshire Hills Bancorp reported fiscal year 2006 executive compensation information on April 2, 2007.
In 2006, four executives at Berkshire Hills Bancorp received on average a compensation package of $437K.
Average pay of disclosed executives at Berkshire Hills Bancorp
Michael P Daly, Chief Executive Officer, received $1M in total. 38% of Daly's compensation, or $400K, was in salary. Daly also received $135K in bonus, $108K of change in pension value and nonqualified deferred compensation earnings, $43K in option awards, $302K in stock awards, as well as $57K in other compensation.
Wayne F. Patenaude, Chief Financial Officer, received a compensation package of $340K. 54% of the compensation package, or $184K, was in salary.
Michael J. Oleksak, Executive Vice President, earned $208K in 2006.
John S. Millet, President, Berkshire Insurance Group, received $153K in 2006.
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Source: SEC filing on April 2, 2007.