U.S. Bancorp CEO Andrew Cecere's 2019 pay jumps 40% to $19M
U.S. Bancorp reports 2019 executive compensation
By ExecPay News
Published: March 10, 2020
U.S. Bancorp reported fiscal year 2019 executive compensation information on March 10, 2020.
In 2019, six executives at U.S. Bancorp received on average a compensation package of $6.7M, a 21% increase compared to previous year.
Average pay of disclosed executives at U.S. Bancorp
Andrew Cecere, Chief Executive Officer, received $19M in total, which increased by 40% compared to 2018. 43% of Cecere's compensation, or $8.1M, was in stock awards. Cecere also received $6.7M of change in pension value and nonqualified deferred compensation earnings, $2.7M in non-equity incentive plan, $1.2M in salary, as well as $53K in other compensation.
Terrance R. Dolan, Chief Financial Officer, received a compensation package of $6.5M, which increased by 27% compared to previous year. 54% of the compensation package, or $3.5M, was in stock awards.
Jeffry H. von Gillern, Vice Chair, Technology and Operations Services, earned $4.4M in 2019, a 15% increase compared to previous year.
Shailesh M. Kotwal, Vice Chair, Payment Services, received $3.6M in 2019, which increases by 5% compared to 2018.
Timothy A. Welsh, Vice Chair, Consumer and Business Banking, earned $3.6M in 2019.
Gunjan Kedia, Vice Chair, Wealth Management and Investment Services, received $3.6M in 2019, which increases by 3% compared to 2018.
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
Timothy Welsh
U.S. Bancorp
Vice Chair, Consumer and Business Banking
Gunjan Kedia
U.S. Bancorp
Vice Chair, Wealth Management and Investment Services
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Source: SEC filing on March 10, 2020.