Cathay General Bancorp CEO Pin Tai's 2018 pay slips 11% to $2.3M
Cathay General Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 11, 2019
Cathay General Bancorp reported fiscal year 2018 executive compensation information on April 11, 2019.
In 2018, five executives at Cathay General Bancorp received on average a compensation package of $1.5M, a 7% decrease compared to previous year.
Average pay of disclosed executives at Cathay General Bancorp
Pin Tai, Chief Executive Officer, received $2.3M in total, which decreased by 11% compared to 2017. 39% of Tai's compensation, or $882K, was in stock awards. Tai also received $595K in non-equity incentive plan, $784K in salary, as well as $14K in other compensation.
For fiscal year 2018, the median employee pay was $57,215 at Cathay General Bancorp. Therefore, the ratio of Pin Tai's pay to the median employee pay was 40 to one.
Dunson K. Cheng, Chairman, received a compensation package of $2.2M, which decreased by 15% compared to previous year. 36% of the compensation package, or $800K, was in salary.
Irwin Wong, Chief Administrative Officer, earned $1.2M in 2018, a 5% increase compared to previous year.
Heng W. Chen, Chief Financial Officer, received $1.2M in 2018, which is about the same as previous year.
Kim R. Bingham, Executive Vice President and Chief Risk Officer of Cathay Bank, earned $814K in 2018, a 3% increase compared to previous year.
Related executives
Pin Tai
Cathay General Bancorp
Chief Executive Officer
Heng Chen
Cathay General Bancorp
Chief Financial Officer
Dunson Cheng
Cathay General Bancorp
Chairman
Irwin Wong
Cathay General Bancorp
Chief Administrative Officer
Kim Bingham
Cathay General Bancorp
Executive Vice President and Chief Risk Officer of Cathay Bank
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Source: SEC filing on April 11, 2019.