People's United Financial CEO John Barnes' 2019 pay rises 2% to $5.8M
People's United Financial reports 2019 executive compensation
By ExecPay News
Published: April 6, 2020
People's United Financial reported fiscal year 2019 executive compensation information on April 6, 2020.
In 2019, five executives at People's United Financial received on average a compensation package of $2.6M, a 5% increase compared to previous year.
Average pay of disclosed executives at People's United Financial
John P. Barnes, Chief Executive Officer, received $5.8M in total, which increased by 2% compared to 2018. 38% of Barnes' compensation, or $2.2M, was in stock awards. Barnes also received $110K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $751K in option awards, $1.1M in salary, as well as $396K in other compensation.
For fiscal year 2019, the median employee pay was $68,190 at People's United Financial. Therefore, the ratio of John P. Barnes' pay to the median employee pay was 85 to one.
Jeffrey J. Tengel, President, received a compensation package of $2M, which increased by 22% compared to previous year. 29% of the compensation package, or $594K, was in non-equity incentive plan.
Kirk W. Walters, Sr. Executive Vice President Corporate Development and Strategic Planning, earned $1.8M in 2019, a 6% increase compared to previous year.
Lee C. Powlus, Chief Administrative Officer, received $1.8M in 2019, which increases by 3% compared to 2018.
R. David Rosato, Chief Financial Officer, earned $1.6M in 2019, a 3% 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 6, 2020.