East West Bancorp CEO Dominic Ng's 2021 pay jumps 25% to $8.6M
East West Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 13, 2022
East West Bancorp reported fiscal year 2021 executive compensation information on April 13, 2022.
In 2021, five executives at East West Bancorp received on average a compensation package of $3.3M, a 5% decrease compared to previous year.
Average pay of disclosed executives at East West Bancorp
Dominic Ng, Chief Executive Officer, received $8.6M in total, which increased by 25% compared to 2020. 59% of Ng's compensation, or $5.1M, was in stock awards. Ng also received $2.2M in non-equity incentive plan, $1.3M in salary, as well as $127K in other compensation.
For fiscal year 2021, the median employee pay was $107,255 at East West Bancorp. Therefore, the ratio of Dominic Ng's pay to the median employee pay was 81 to one.
Parker L. Shi, Chief Operating Officer, received a compensation package of $2.8M. 47% of the compensation package, or $1.3M, was in stock awards.
Irene H. Oh, Chief Financial Officer, earned $2.1M in 2021, a 18% increase compared to previous year.
Douglas P. Krause, Chairman, received $1.8M in 2021, which increases by 18% compared to 2020.
Nick Huang, Executive Vice President and Head of Commercial Banking, earned $1M in 2021.
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Source: SEC filing on April 13, 2022.