Northern Trust CEO Michael O'Grady's 2020 pay slips 3% to $9.2M
Northern Trust reports 2020 executive compensation
By ExecPay News
Published: March 9, 2021
Northern Trust reported fiscal year 2020 executive compensation information on March 9, 2021.
In 2020, five executives at Northern Trust received on average a compensation package of $5M, a 26% decrease compared to previous year.
Average pay of disclosed executives at Northern Trust
Michael G. O'Grady, Chief Executive Officer, received $9.2M in total, which decreased by 3% compared to 2019. 74% of O'Grady's compensation, or $6.8M, was in stock awards. O'Grady also received $202K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $950K in salary, as well as $38K in other compensation.
Steven L. Fradkin, President, Wealth Management, received a compensation package of $5.8M, which decreased by 7% compared to previous year. 45% of the compensation package, or $2.6M, was in stock awards.
Peter B. Cherecwich, President, Corporate & Institutional Services, earned $4.1M in 2020, a 7% decrease compared to previous year.
Shundrawn A. Thomas, President, Asset Management, received $4.1M in 2020.
Jason J. Tyler, Chief Financial Officer, earned $1.8M in 2020.
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Source: SEC filing on March 9, 2021.