People's United Financial CEO John Barnes' 2018 pay rises 11% to $5.7M
People's United Financial reports 2018 executive compensation
By ExecPay News
Published: April 2, 2019
People's United Financial reported fiscal year 2018 executive compensation information on April 2, 2019.
In 2018, five executives at People's United Financial received on average a compensation package of $2.5M, a 7% increase compared to previous year.
Average pay of disclosed executives at People's United Financial
John P. Barnes, Chief Executive Officer, received $5.7M in total, which increased by 11% compared to 2017. 37% of Barnes' compensation, or $2.1M, was in stock awards. Barnes also received $30K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $734K in option awards, $1.1M in salary, as well as $501K in other compensation.
For fiscal year 2018, the median employee pay was $66,596 at People's United Financial. Therefore, the ratio of John P. Barnes' pay to the median employee pay was 86 to one.
Lee C. Powlus, Chief Administrative Officer, received a compensation package of $1.7M, which increased by 1% compared to previous year. 29% of the compensation package, or $490K, was in salary.
Kirk W. Walters, Sr. Executive Vice President Corporate Development and Strategic Planning, earned $1.7M in 2018, a 5% increase compared to previous year.
Jeffrey J. Tengel, President, received $1.7M in 2018, which increases by 5% compared to 2017.
R. David Rosato, Chief Financial Officer, earned $1.6M in 2018, a 5% increase compared to previous year.
Related executives
John Barnes
People's United Financial
Chief Executive Officer
Lee Powlus
People's United Financial
Chief Administrative Officer
R Rosato
People's United Financial
Chief Financial Officer
Jeffrey Tengel
People's United Financial
President
Kirk Walters
People's United Financial
Sr. Executive Vice President Corporate Development and Strategic Planning
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Source: SEC filing on April 2, 2019.