Pnc Financial Services Group CEO William Demchak's 2018 pay rises 13% to $16M
Pnc Financial Services Group reports 2018 executive compensation
By ExecPay News
Published: March 12, 2019
Pnc Financial Services Group reported fiscal year 2018 executive compensation information on March 12, 2019.
In 2018, five executives at Pnc Financial Services Group received on average a compensation package of $8.6M, a 14% increase compared to previous year.
Average pay of disclosed executives at Pnc Financial Services Group
William S. Demchak, Chief Executive Officer, received $16M in total, which increased by 13% compared to 2017. 60% of Demchak's compensation, or $9.5M, was in stock awards. Demchak also received $531K of change in pension value and nonqualified deferred compensation earnings, $4.4M in non-equity incentive plan, $1.1M in salary, as well as $166K in other compensation.
For fiscal year 2018, the median employee pay was $67,648 at Pnc Financial Services Group. Therefore, the ratio of William S. Demchak's pay to the median employee pay was 232 to one.
E William Parsley, III, Chief Operating Officer, received a compensation package of $9.3M, which increased by 11% compared to previous year. 61% of the compensation package, or $5.7M, was in stock awards.
Michael P. Lyons, Executive Vice President, Head of Corporate & Institutional Banking and Asset Management Group, earned $8.6M in 2018, a 17% increase compared to previous year.
Robert Q. Reilly, Chief Financial Officer, received $4.9M in 2018, which increases by 8% compared to 2017.
Joseph E. Rockey, Executive Vice President, Chief Risk Officer, earned $4.3M in 2018.
Related executives
William Demchak
Pnc Financial Services Group
Chief Executive Officer
Robert Reilly
Pnc Financial Services Group
Chief Financial Officer
Michael Lyons
Pnc Financial Services Group
Executive Vice President, Head of Corporate & Institutional Banking
E Parsley
Pnc Financial Services Group
Chief Operating Officer
Joseph Rockey
Pnc Financial Services Group
Executive Vice President, Chief Risk Officer
You may also like
Source: SEC filing on March 12, 2019.