Investors Bancorp CEO Kevin Cummings' 2018 pay falls 40% to $3.4M
Investors Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 11, 2019
Investors Bancorp reported fiscal year 2018 executive compensation information on April 11, 2019.
In 2018, five executives at Investors Bancorp received on average a compensation package of $1.7M, a 44% decrease compared to previous year.
Average pay of disclosed executives at Investors Bancorp
Kevin Cummings, Chief Executive Officer, received $3.4M in total, which decreased by 40% compared to 2017. 63% of Cummings' compensation, or $2.2M, was in non-equity incentive plan. Cummings also received $1.1M in salary and $184K in other compensation.
For fiscal year 2018, the median employee pay was $59,531 at Investors Bancorp. Therefore, the ratio of Kevin Cummings' pay to the median employee pay was 57 to one.
Domenick A. Cama, Chief Operating Officer, received a compensation package of $2M, which decreased by 39% compared to previous year. 57% of the compensation package, or $1.2M, was in non-equity incentive plan.
Richard S. Spengler, Executive Vice President and Chief Lending Officer, earned $1.1M in 2018, a 55% decrease compared to previous year.
Paul Kalamaras, Executive Vice President and Chief Risk Officer, received $987K in 2018, which decreases by 56% compared to 2017.
Sean Burke, Chief Financial Officer, earned $960K in 2018, a 39% decrease compared to previous year.
Related executives
Kevin Cummings
Investors Bancorp
Chief Executive Officer
Domenick Cama
Investors Bancorp
Chief Operating Officer
Richard Spengler
Investors Bancorp
Executive Vice President and Chief Lending Officer
Paul Kalamaras
Investors Bancorp
Executive Vice President and Chief Risk Officer
Sean Burke
Investors Bancorp
Chief Financial Officer
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Source: SEC filing on April 11, 2019.