People's United Financial CEO John Barnes' 2020 pay rises 2% to $5.9M
People's United Financial reports 2020 executive compensation
By ExecPay News
Published: November 19, 2021
People's United Financial reported fiscal year 2020 executive compensation information on November 19, 2021.
In 2020, five executives at People's United Financial received on average a compensation package of $2.6M, which is about the same as previous year.
Average pay of disclosed executives at People's United Financial
John P. Barnes, Chief Executive Officer, received $5.9M in total, which increased by 2% compared to 2019. 40% of Barnes' compensation, or $2.3M, was in stock awards. Barnes also received $249K in bonus, $170K of change in pension value and nonqualified deferred compensation earnings, $996K in non-equity incentive plan, $740K in option awards, $1.1M in salary, as well as $284K in other compensation.
For fiscal year 2020, the median employee pay was $74,977 at People's United Financial. Therefore, the ratio of John P. Barnes' pay to the median employee pay was 79 to one.
Jeffrey J. Tengel, President, received a compensation package of $2.1M, which increased by 1% compared to previous year. 30% of the compensation package, or $612K, was in salary.
Lee C. Powlus, Chief Administrative Officer, earned $1.7M in 2020, a 2% decrease compared to previous year.
Kirk W. Walters, Sr. Executive Vice President Corporate Development and Strategic Planning, received $1.7M in 2020, which decreases by 5% compared to 2019.
R. David Rosato, Chief Financial Officer, earned $1.7M in 2020, a 2% 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 November 19, 2021.