CAMBRIDGE BANCORP CEO Denis Sheahan's 2018 pay jumps 44% to $1.9M
CAMBRIDGE BANCORP reports 2018 executive compensation
By ExecPay News
Published: March 19, 2019
CAMBRIDGE BANCORP reported fiscal year 2018 executive compensation information on March 19, 2019.
In 2018, five executives at CAMBRIDGE BANCORP received on average a compensation package of $1.1M, a 22% increase compared to previous year.
Average pay of disclosed executives at CAMBRIDGE BANCORP
Denis K. Sheahan, Chief Executive Officer, received $1.9M in total, which increased by 44% compared to 2017. 39% of Sheahan's compensation, or $750K, was in stock awards. Sheahan also received $178K of change in pension value and nonqualified deferred compensation earnings, $402K in non-equity incentive plan, $493K in salary, as well as $102K in other compensation.
For fiscal year 2018, the median employee pay was $91,312 at CAMBRIDGE BANCORP. Therefore, the ratio of Denis K. Sheahan's pay to the median employee pay was 21 to one.
Mark D. Thompson, President, received a compensation package of $1.1M, which increased by 39% compared to previous year. 41% of the compensation package, or $450K, was in salary.
Jennifer A. Pline, EVP, WM, earned $881K in 2018, a 17% increase compared to previous year.
Martin B. Millane, Jr, Chief Legal Officer, received $773K in 2018, which increases by 19% compared to 2017.
Michael F. Carotenuto, Chief Financial Officer, earned $614K in 2018, a 12% increase compared to previous year.
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Source: SEC filing on March 19, 2019.