Cathay General Bancorp Chairman Dunson Cheng's 2019 pay jumps 37% to $3M
Cathay General Bancorp reports 2019 executive compensation
By ExecPay News
Published: April 16, 2020
Cathay General Bancorp reported fiscal year 2019 executive compensation information on April 16, 2020.
In 2019, five executives at Cathay General Bancorp received on average a compensation package of $1.8M, a 17% increase compared to previous year.
Average pay of disclosed executives at Cathay General Bancorp
Dunson K. Cheng, Chairman, received $3M in total, which increased by 37% compared to 2018. 43% of Cheng's compensation, or $1.3M, was in stock awards. Cheng also received $32K of change in pension value and nonqualified deferred compensation earnings, $824K in non-equity incentive plan, $821K in salary, as well as $29K in other compensation.
For fiscal year 2019, the median employee pay was $67,960 at Cathay General Bancorp. Therefore, the ratio of Dunson K. Cheng's pay to the median employee pay was 44 to one.
Pin Tai, Chief Executive Officer, received a compensation package of $1.9M, which decreased by 15% compared to previous year. 42% of the compensation package, or $816K, was in salary.
Irwin Wong, Chief Administrative Officer, earned $1.4M in 2019, a 24% increase compared to previous year.
Heng W. Chen, Chief Financial Officer, received $1.4M in 2019, which increases by 21% compared to 2018.
Chang M. Liu, Chief Operating Officer, earned $1.1M in 2019.
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Source: SEC filing on April 16, 2020.