ExecPay

First Midwest Bancorp CEO Michael Scudder's 2018 pay rises 1% to $3.4M

First Midwest Bancorp reports 2018 executive compensation

By ExecPay News

Published: April 4, 2019

First Midwest Bancorp reported fiscal year 2018 executive compensation information on April 4, 2019.
In 2018, five executives at First Midwest Bancorp received on average a compensation package of $1.9M, which is about the same as previous year.
Average pay of disclosed executives at First Midwest Bancorp
Michael L. Scudder, Chief Executive Officer, received $3.4M in total, which increased by 1% compared to 2017. 40% of Scudder's compensation, or $1.4M, was in stock awards. Scudder also received $227K of change in pension value and nonqualified deferred compensation earnings, $723K in non-equity incentive plan, $850K in salary, as well as $249K in other compensation.
For fiscal year 2018, the median employee pay was $60,672 at First Midwest Bancorp. Therefore, the ratio of Michael L. Scudder's pay to the median employee pay was 57 to one.
Mark G. Sander, Chief Operating Officer, received a compensation package of $2.2M, which increased by 3% compared to previous year. 40% of the compensation package, or $872K, was in stock awards.
Patrick S. Barrett, Chief Financial Officer, earned $1.7M in 2018, a 43% decrease compared to previous year.
Michael W. Jamieson, EVP and Director, Commercial Banking, First Midwest Bank, received $1.1M in 2018, which increases by 11% compared to 2017.
Thomas M. Prame, EVP and Director, Consumer Banking, First Midwest Bank, earned $820K in 2018, which is about the same as previous year.

Related executives

Michael Scudder

First Midwest Bancorp

Chief Executive Officer

14

Mark Sander

First Midwest Bancorp

Chief Operating Officer

9

Patrick Barrett

First Midwest Bancorp

Chief Financial Officer

3

Michael Jamieson

First Midwest Bancorp

EVP and Director, Commercial Banking, First Midwest Bank

3

Thomas Prame

First Midwest Bancorp

EVP and Director, Consumer Banking, First Midwest Bank

8

You may also like

First Midwest Bancorp
2018 ranking
News
Source: SEC filing on April 4, 2019.