CVB Financial CEO Christopher Myers' 2019 pay slips 7% to $7.2M
CVB Financial reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
CVB Financial reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, five executives at CVB Financial received on average a compensation package of $1.9M, a 15% decrease compared to previous year.
Average pay of disclosed executives at CVB Financial
Christopher D. Myers, Chief Executive Officer, received $7.2M in total, which decreased by 7% compared to 2018. 52% of Myers' compensation, or $3.7M, was in stock awards. Myers also received $270K in bonus, $227K of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $908K in salary, as well as $86K in other compensation.
For fiscal year 2019, the median employee pay was $83,740 at CVB Financial. Therefore, the ratio of Christopher D. Myers' pay to the median employee pay was 86 to one.
David C. Harvey, EVP, Chief Operations Officer of the Bank, received a compensation package of $690K, which decreased by 34% compared to previous year. 55% of the compensation package, or $379K, was in salary.
David A. Brager, EVP, Sales Division Manager of the Bank, earned $677K in 2019, a 36% decrease compared to previous year.
E. Allen Nicholson, Chief Financial Officer, received $646K in 2019, which decreases by 29% compared to 2018.
David F. Farnsworth, EVP, Chief Credit Officer of the Bank, earned $512K in 2019, a 24% decrease compared to previous year.
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Source: SEC filing on April 6, 2020.