Pnc Financial Services Group CEO William Demchak's 2020 pay slips 4% to $16M
Pnc Financial Services Group reports 2020 executive compensation
By ExecPay News
Published: March 16, 2021
Pnc Financial Services Group reported fiscal year 2020 executive compensation information on March 16, 2021.
In 2020, five executives at Pnc Financial Services Group received on average a compensation package of $8.7M, a 3% decrease 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 decreased by 4% compared to 2019. 65% of Demchak's compensation, or $10M, was in stock awards. Demchak also received $1.4M of change in pension value and nonqualified deferred compensation earnings, $2.8M in non-equity incentive plan, $1.2M in salary, as well as $167K in other compensation.
For fiscal year 2020, the median employee pay was $80,350 at Pnc Financial Services Group. Therefore, the ratio of William S. Demchak's pay to the median employee pay was 198 to one.
E William Parsley, III, Chief Operating Officer, received a compensation package of $8.6M, which decreased by 5% compared to previous year. 61% of the compensation package, or $5.3M, was in stock awards.
Michael P. Lyons, Executive Vice President, Head of Corporate & Institutional Banking, earned $8.4M in 2020, a 5% decrease compared to previous year.
Robert Q. Reilly, Chief Financial Officer, received $5.5M in 2020, which decreases by 1% compared to 2019.
Karen L. Larrimer, Executive Vice President, Head of Retail Banking & Chief Customer Officer, earned $5M in 2020, a 5% increase compared to previous year.
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
Karen Larrimer
Pnc Financial Services Group
Executive Vice President, Head of Retail Banking & Chief Customer Officer
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Source: SEC filing on March 16, 2021.