Pnc Financial Services Group CEO William Demchak's 2021 pay rises 10% to $18M
Pnc Financial Services Group reports 2021 executive compensation
By ExecPay News
Published: March 16, 2022
Pnc Financial Services Group reported fiscal year 2021 executive compensation information on March 16, 2022.
In 2021, five executives at Pnc Financial Services Group received on average a compensation package of $9.9M, a 13% increase compared to previous year.
Average pay of disclosed executives at Pnc Financial Services Group
William S. Demchak, Chief Executive Officer, received $18M in total, which increased by 10% compared to 2020. 69% of Demchak's compensation, or $12M, was in stock awards. Demchak also received $339K of change in pension value and nonqualified deferred compensation earnings, $3.8M in non-equity incentive plan, $1.2M in salary, as well as $168K in other compensation.
For fiscal year 2021, the median employee pay was $78,333 at Pnc Financial Services Group. Therefore, the ratio of William S. Demchak's pay to the median employee pay was 223 to one.
Michael P. Lyons, Executive Vice President, Head of Corporate & Institutional Banking, received a compensation package of $10M, which increased by 18% compared to previous year. 55% of the compensation package, or $5.5M, was in stock awards.
E William Parsley, III, Chief Operating Officer, earned $9.8M in 2021, a 14% increase compared to previous year.
Robert Q. Reilly, Chief Financial Officer, received $6.3M in 2021, which increases by 15% compared to 2020.
Karen L. Larrimer, Executive Vice President, Head of Retail Banking & Chief Customer Officer, earned $5.7M in 2021, a 13% 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, 2022.