Comerica CEO Ralph Babb's 2018 pay slips 17% to $10M
Comerica reports 2018 executive compensation
By ExecPay News
Published: March 12, 2019
Comerica reported fiscal year 2018 executive compensation information on March 12, 2019.
In 2018, six Comerica executives received on average a compensation package of $3.7M, a 20% decrease compared to previous year.
Average pay of disclosed executives at Comerica
Ralph W. Babb, Jr, Chief Executive Officer, received $10M in total, which decreased by 17% compared to 2017. 38% of Babb's compensation, or $3.8M, was in stock awards. Babb also received $1.5M of change in pension value and nonqualified deferred compensation earnings, $3M in non-equity incentive plan, $429K in option awards, $1.3M in salary, as well as $11K in other compensation.
Curtis C. Farmer, President, Comerica Incorporated and Comerica Bank, received a compensation package of $4M, which increased by 11% compared to previous year. 40% of the compensation package, or $1.6M, was in non-equity incentive plan.
John D. Buchanan, Chief Legal Officer, earned $2.3M in 2018, a 12% increase compared to previous year.
Muneera S. Carr, Chief Financial Officer, received $2.2M in 2018.
Michael H. Michalak, Former Executive Vice President and Chief Risk Officer, Comerica Incorporated and Comerica Bank, earned $2.2M in 2018, a 4% decrease compared to previous year.
David E. Duprey, Chief Financial Officer, received $1.2M in 2018, which decreases by 55% compared to 2017.
Related executives
Ralph Babb
Comerica
Chief Executive Officer
David Duprey
Comerica
Chief Financial Officer
Muneera Carr
Comerica
Chief Financial Officer
Curtis Farmer
Comerica
Chief Executive Officer
John Buchanan
Comerica
Chief Legal Officer
Michael Michalak
Comerica
Former Executive Vice President and Chief Risk Officer, Comerica Incorporated and Comerica Bank
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Source: SEC filing on March 12, 2019.