ExecPay

First Midwest Bancorp CEO Michael Scudder's 2019 pay rises 15% to $3.9M

First Midwest Bancorp reports 2019 executive compensation

By ExecPay News

Published: April 17, 2020

First Midwest Bancorp reported fiscal year 2019 executive compensation information on April 17, 2020.
In 2019, five executives at First Midwest Bancorp received on average a compensation package of $2M, a 8% increase compared to previous year.
Average pay of disclosed executives at First Midwest Bancorp
Michael L. Scudder, Chief Executive Officer, received $3.9M in total, which increased by 15% compared to 2018. 43% of Scudder's compensation, or $1.7M, was in stock awards. Scudder also received $184K of change in pension value and nonqualified deferred compensation earnings, $937K in non-equity incentive plan, $872K in salary, as well as $265K in other compensation.
For fiscal year 2019, the median employee pay was $57,538 at First Midwest Bancorp. Therefore, the ratio of Michael L. Scudder's pay to the median employee pay was 69 to one.
Mark G. Sander, Chief Operating Officer, received a compensation package of $2.4M, which increased by 10% compared to previous year. 40% of the compensation package, or $966K, was in stock awards.
Patrick S. Barrett, Chief Financial Officer, earned $1.5M in 2019, a 14% decrease compared to previous year.
Michael W. Jamieson, EVP and Director, Commercial Banking, First Midwest Bank, received $1.3M in 2019, which increases by 11% compared to 2018.
Thomas M. Prame, EVP and Director, Consumer Banking, First Midwest Bank, earned $970K in 2019, a 18% increase compared to 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
2019 ranking
News
Source: SEC filing on April 17, 2020.