ConnectOne Bancorp CEO Frank Sorrentino's 2018 pay rises 10% to $2.1M
ConnectOne Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 22, 2019
ConnectOne Bancorp reported fiscal year 2018 executive compensation information on April 22, 2019.
In 2018, five executives at ConnectOne Bancorp received on average a compensation package of $1M, a 14% increase compared to previous year.
Average pay of disclosed executives at ConnectOne Bancorp
Frank Sorrentino III, Chief Executive Officer, received $2.1M in total, which increased by 10% compared to 2017. 38% of Sorrentino's compensation, or $800K, was in salary. Sorrentino also received $540K in non-equity incentive plan, $750K in stock awards, as well as $27K in other compensation.
For fiscal year 2018, the median employee pay was $70,167 at ConnectOne Bancorp. Therefore, the ratio of Frank Sorrentino III's pay to the median employee pay was 30 to one.
William S. Burns, Chief Financial Officer, received a compensation package of $859K, which increased by 8% compared to previous year. 48% of the compensation package, or $411K, was in salary.
Elizabeth Magennis, Executive Vice President, Chief Lending Officer, earned $803K in 2018, a 9% increase compared to previous year.
Chris Ewing, Executive Vice President, Chief Operations Officer, received $714K in 2018, which increases by 10% compared to 2017.
Michael McGover, First Senior Vice President, Chief Credit Officer, earned $542K in 2018, a 6% increase compared to previous year.
Related executives
Frank Sorrentino
ConnectOne Bancorp
Chief Executive Officer
William Burns
ConnectOne Bancorp
Chief Financial Officer
Elizabeth Magennis
ConnectOne Bancorp
Executive Vice President Bank President
Chris Ewing
ConnectOne Bancorp
Executive Vice President Chief Operations Officer
Michael McGover
ConnectOne Bancorp
First Senior Vice President Chief Credit Officer
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Source: SEC filing on April 22, 2019.