U.S. Bancorp CEO Andrew Cecere's 2020 pay slips 11% to $17M
U.S. Bancorp reports 2020 executive compensation
By ExecPay News
Published: March 8, 2022
U.S. Bancorp reported fiscal year 2020 executive compensation information on March 8, 2022.
In 2020, six executives at U.S. Bancorp received on average a compensation package of $6.6M, a 2% decrease compared to previous year.
Average pay of disclosed executives at U.S. Bancorp
Andrew Cecere, Chief Executive Officer, received $17M in total, which decreased by 11% compared to 2019. 51% of Cecere's compensation, or $8.6M, was in stock awards. Cecere also received $4.9M of change in pension value and nonqualified deferred compensation earnings, $1.9M in non-equity incentive plan, $1.2M in salary, as well as $61K in other compensation.
Terrance R. Dolan, Chief Financial Officer, received a compensation package of $6.6M, which increased by 1% compared to previous year. 55% of the compensation package, or $3.6M, was in stock awards.
Jeffry H. von Gillern, Vice Chair, Technology and Operations Services, earned $4.4M in 2020, a 2% increase compared to previous year.
Timothy A. Welsh, Vice Chair, Consumer and Business Banking, received $4M in 2020, which increases by 12% compared to 2019.
Gunjan Kedia, Vice Chair, Wealth Management and Investment Services, earned $4M in 2020, a 11% increase compared to previous year.
Shailesh M. Kotwal, Vice Chair, Payment Services, received $3.7M in 2020, which increases by 3% compared to 2019.
Related executives
Shailesh Kotwal
U.S. Bancorp
Vice Chair, Payment Services
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
Timothy Welsh
U.S. Bancorp
Vice Chair, Consumer and Business Banking
Gunjan Kedia
U.S. Bancorp
Vice Chair, Wealth Management and Investment Services
You may also like
Source: SEC filing on March 8, 2022.