Tompkins Financial CEO Stephen Romaine's 2020 pay rises 5% to $3.3M
Tompkins Financial reports 2020 executive compensation
By ExecPay News
Published: March 29, 2021
Tompkins Financial reported fiscal year 2020 executive compensation information on March 29, 2021.
In 2020, five executives at Tompkins Financial received on average a compensation package of $1.6M, a 7% increase compared to previous year.
Average pay of disclosed executives at Tompkins Financial
Stephen S. Romaine, Chief Executive Officer, received $3.3M in total, which increased by 5% compared to 2019. 54% of Romaine's compensation, or $1.8M, was of change in pension value and nonqualified deferred compensation earnings. Romaine also received $316K in bonus, $719K in salary, $430K in stock awards, as well as $62K in other compensation.
For fiscal year 2020, the median employee pay was $68,374 at Tompkins Financial. Therefore, the ratio of Stephen S. Romaine's pay to the median employee pay was 49 to one.
Francis M. Fetsko, Chief Financial Officer, received a compensation package of $1.7M, which decreased by 1% compared to previous year. 45% of the compensation package, or $777K, was of change in pension value and nonqualified deferred compensation earnings.
David S. Boyce, Chief Executive Officer, earned $1.2M in 2020, a 5% decrease compared to previous year.
Scott Gruber, Chief Executive Officer, received $982K in 2020, which increases by 1% compared to 2019.
Brian A. Howard, President of Tompkins Financial Advisors, earned $595K in 2020, a 12% increase compared to previous year.
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Source: SEC filing on March 29, 2021.