PacWest Bancorp CEO Matthew Wagner's 2021 pay jumps 414% to $25M
PacWest Bancorp reports 2021 executive compensation
By ExecPay News
Published: March 30, 2022
PacWest Bancorp reported fiscal year 2021 executive compensation information on March 30, 2022.
In 2021, five executives at PacWest Bancorp received on average a compensation package of $7.7M, a 163% increase compared to previous year.
Average pay of disclosed executives at PacWest Bancorp
Matthew P. Wagner, Chief Executive Officer, received $25M in total, which increased by 414% compared to 2020. 82% of Wagner's compensation, or $21M, was in stock awards. Wagner also received $3M in non-equity incentive plan, $1M in salary, as well as $536K in other compensation.
For fiscal year 2021, the median employee pay was $94,187 at PacWest Bancorp. Therefore, the ratio of Matthew P. Wagner's pay to the median employee pay was 270 to one.
Mark T. Yung, Chief Operating Officer, received a compensation package of $4.2M, which increased by 47% compared to previous year. 42% of the compensation package, or $1.8M, was in stock awards.
William J. Black Jr, Executive Vice President, Strategy and Corporate Development, earned $3.5M in 2021, a 24% increase compared to previous year.
Bart R. Olson, Chief Financial Officer, received $2.5M in 2021.
Christopher D. Blake, Chief Executive Officer, earned $2.5M in 2021, a 51% increase compared to previous year.
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Source: SEC filing on March 30, 2022.