U.S. Bancorp CEO Andrew Cecere's 2018 pay rises 12% to $13M
U.S. Bancorp reports 2018 executive compensation
By ExecPay News
Published: March 5, 2019
U.S. Bancorp reported fiscal year 2018 executive compensation information on March 5, 2019.
In 2018, six executives at U.S. Bancorp received on average a compensation package of $5.6M, a 23% decrease compared to previous year.
Average pay of disclosed executives at U.S. Bancorp
Andrew Cecere, Chief Executive Officer, received $13M in total, which increased by 12% compared to 2017. 54% of Cecere's compensation, or $7.3M, was in stock awards. Cecere also received $2.4M of change in pension value and nonqualified deferred compensation earnings, $2.7M in non-equity incentive plan, $1.1M in salary, as well as $44K in other compensation.
Terrance R. Dolan, Chief Financial Officer, received a compensation package of $5.1M, which is about the same as previous year. 63% of the compensation package, or $3.3M, was in stock awards.
P.W. Bill Parker, Chairman, earned $4.1M in 2018, a 4% decrease compared to previous year.
Jeffry H. von Gillern, Chairman, received $3.8M in 2018, which increases by 1% compared to 2017.
Shailesh M. Kotwal, Chairman, earned $3.5M in 2018.
Gunjan Kedia, Chairman, received $3.4M in 2018, which increases by 23% compared to 2017.
Related executives
Andrew Cecere
U.S. Bancorp
Chief Executive Officer
Terrance Dolan
U.S. Bancorp
Chief Financial Officer
Jeffry von Gillern
U.S. Bancorp
Vice Chair, Technology and Operations Services
Shailesh Kotwal
U.S. Bancorp
Vice Chair, Payment Services
Gunjan Kedia
U.S. Bancorp
Vice Chair, Wealth Management and Investment Services
PW Parker
U.S. Bancorp
Chairman
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Source: SEC filing on March 5, 2019.