CAMBRIDGE BANCORP CEO Denis Sheahan's 2020 pay rises 11% to $2.2M
CAMBRIDGE BANCORP reports 2020 executive compensation
By ExecPay News
Published: March 17, 2021
CAMBRIDGE BANCORP reported fiscal year 2020 executive compensation information on March 17, 2021.
In 2020, six executives at CAMBRIDGE BANCORP received on average a compensation package of $1.2M, a 2% increase compared to previous year.
Average pay of disclosed executives at CAMBRIDGE BANCORP
Denis K. Sheahan, Chief Executive Officer, received $2.2M in total, which increased by 11% compared to 2019. 36% of Sheahan's compensation, or $800K, was in stock awards. Sheahan also received $425K of change in pension value and nonqualified deferred compensation earnings, $353K in non-equity incentive plan, $558K in salary, as well as $113K in other compensation.
For fiscal year 2020, the median employee pay was $108,145 at CAMBRIDGE BANCORP. Therefore, the ratio of Denis K. Sheahan's pay to the median employee pay was 21 to one.
Mark D. Thompson, Former President, received a compensation package of $1.2M, which increased by 1% compared to previous year. 39% of the compensation package, or $471K, was in salary.
Thomas J. Fontaine, EVP, CBO, earned $963K in 2020.
Jennifer A. Pline, EVP, WM, received $947K in 2020, which increases by 2% compared to 2019.
Martin B. Millane, Jr, Chief Legal Officer, earned $907K in 2020, which is about the same as previous year.
Michael F. Carotenuto, Chief Financial Officer, received $680K in 2020, which increases by 7% compared to 2019.
Related executives
You may also like
Source: SEC filing on March 17, 2021.