Comerica CEO Ralph Babb's 2019 pay jumps 45% to $15M
Comerica reports 2019 executive compensation
By ExecPay News
Published: March 17, 2020
Comerica reported fiscal year 2019 executive compensation information on March 17, 2020.
In 2019, seven Comerica executives received on average a compensation package of $4.3M, a 18% increase compared to previous year.
Average pay of disclosed executives at Comerica
Ralph W. Babb, Jr, Chief Executive Officer, received $15M in total, which increased by 45% compared to 2018. 42% of Babb's compensation, or $6.2M, was of change in pension value and nonqualified deferred compensation earnings. Babb also received $1.5M in non-equity incentive plan, $422K in option awards, $1.3M in salary, $3.8M in stock awards, as well as $1.4M in other compensation.
Curtis C. Farmer, Chief Executive Officer, received a compensation package of $5M, which increased by 26% compared to previous year. 54% of the compensation package, or $2.7M, was in stock awards.
Muneera S. Carr, Chief Financial Officer, earned $3.7M in 2019, a 68% increase compared to previous year.
John D. Buchanan, Chief Legal Officer, received $1.9M in 2019, which decreases by 17% compared to 2018.
Peter L. Sefzik, Executive Vice President, Business Bank, Comerica Incorporated and Comerica Bank, earned $1.8M in 2019.
Jay K. Oberg, Executive Vice President and Chief Risk Officer, Comerica Incorporated and Comerica Bank, received $1.8M in 2019.
James J. Herzog, Chief Financial Officer, earned $1.4M in 2019.
Related executives
Curtis Farmer
Comerica
Chief Executive Officer
Ralph Babb
Comerica
Chief Executive Officer
James Herzog
Comerica
Chief Financial Officer
Muneera Carr
Comerica
Chief Financial Officer
John Buchanan
Comerica
Chief Legal Officer
Peter Sefzik
Comerica
Executive Vice President, Commercial Bank
Jay Oberg
Comerica
Executive Vice President and Chief Risk Officer
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Source: SEC filing on March 17, 2020.