Pacific Mercantile Bancorp CEO Thomas Vertin's 2018 pay jumps 34% to $819K
Pacific Mercantile Bancorp reports 2018 executive compensation
By ExecPay News
Published: April 15, 2020
Pacific Mercantile Bancorp reported fiscal year 2018 executive compensation information on April 15, 2020.
In 2018, four executives at Pacific Mercantile Bancorp received on average a compensation package of $545K, a 31% increase compared to previous year.
Average pay of disclosed executives at Pacific Mercantile Bancorp
Thomas M. Vertin, Chief Executive Officer, received $819K in total, which increased by 34% compared to 2017. 49% of Vertin's compensation, or $400K, was in salary. Vertin also received $209K in bonus, $93K in option awards, $93K in stock awards, as well as $24K in other compensation.
For fiscal year 2018, the median employee pay was $87,297 at Pacific Mercantile Bancorp. Therefore, the ratio of Thomas M. Vertin's pay to the median employee pay was 9 to one.
Thomas J. Inserra, Executive Vice President and Chief Risk Officer, received a compensation package of $534K, which increased by 29% compared to previous year. 61% of the compensation package, or $325K, was in salary.
Curt A. Christianssen, Chief Financial Officer, earned $436K in 2018, a 34% increase compared to previous year.
Robert S. Anderson, Executive Vice President and Interim Chief Credit Officer, received $390K in 2018, which increases by 23% compared to 2017.
Related executives
Robert Anderson
Pacific Mercantile Bancorp
Executive Vice President and Interim Chief Credit Officer
Thomas Vertin
Pacific Mercantile Bancorp
Chief Executive Officer
Curt Christianssen
Pacific Mercantile Bancorp
Chief Financial Officer
Thomas Inserra
Pacific Mercantile Bancorp
Executive Vice President and Chief Risk Officer
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Source: SEC filing on April 15, 2020.