Comerica CEO Curtis Farmer's 2020 pay stays at $5M
Comerica reports 2020 executive compensation
By ExecPay News
Published: March 16, 2021
Comerica reported fiscal year 2020 executive compensation information on March 16, 2021.
In 2020, seven Comerica executives received on average a compensation package of $2.3M, a 47% decrease compared to previous year.
Average pay of disclosed executives at Comerica
Curtis C. Farmer, Chief Executive Officer, received $5M in total, which is about the same as previous year. 57% of Farmer's compensation, or $2.9M, was in stock awards. Farmer also received $158K of change in pension value and nonqualified deferred compensation earnings, $658K in non-equity incentive plan, $326K in option awards, $976K in salary, as well as $33K in other compensation.
For fiscal year 2020, the median employee pay was $91,828 at Comerica. Therefore, the ratio of Curtis C. Farmer's pay to the median employee pay was 55 to one.
J. McGregor Carr, Executive Vice President, Wealth Management, received a compensation package of $2.1M. 26% of the compensation package, or $551K, was in stock awards.
James J. Herzog, Chief Financial Officer, earned $2M in 2020, a 47% increase compared to previous year.
John D. Buchanan, Chief Legal Officer, received $1.8M in 2020, which decreases by 9% compared to 2019.
Megan D. Crespi, Executive Vice President, Chief Enterprise Technology, and Operations Services Officer, earned $1.7M in 2020.
Peter L. Sefzik, Executive Vice President, Commercial Bank, received $1.7M in 2020, which decreases by 5% compared to 2019.
Jay K. Oberg, Executive Vice President and Chief Risk Officer, earned $1.6M in 2020, a 9% decrease compared to previous year.
Related executives
Curtis Farmer
Comerica
Chief Executive Officer
James Herzog
Comerica
Chief Financial Officer
J Carr
Comerica
Executive Vice President, Wealth Management
Megan Crespi
Comerica
Executive Vice President, Chief Enterprise Technology, and Operations Services 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
You may also like
Source: SEC filing on March 16, 2021.