Washington Trust Bancorp CEO Edward Handy's 2018 pay jumps 82% to $1.7M
Washington Trust Bancorp reports 2018 executive compensation
By ExecPay News
Published: March 12, 2019
Washington Trust Bancorp reported fiscal year 2018 executive compensation information on March 12, 2019.
In 2018, seven executives at Washington Trust Bancorp received on average a compensation package of $695K, a 35% decrease compared to previous year.
Average pay of disclosed executives at Washington Trust Bancorp
Edward O. Handy III, Chief Executive Officer, received $1.7M in total, which increased by 82% compared to 2017. 40% of Handy's compensation, or $689K, was in stock awards. Handy also received $356K in non-equity incentive plan, $575K in salary, as well as $95K in other compensation.
For fiscal year 2018, the median employee pay was $62,366 at Washington Trust Bancorp. Therefore, the ratio of Edward O. Handy III's pay to the median employee pay was 27 to one.
Mark K.W. Gim, Chief Operating Officer, received a compensation package of $987K, which decreased by 4% compared to previous year. 35% of the compensation package, or $341K, was in stock awards.
Kathleen A. Ryan, Executive Vice President and Chief Wealth Management Officer of the Bank, earned $622K in 2018.
Ronald S. Ohsberg, Chief Financial Officer, received $607K in 2018.
James M. Hagerty, Executive Vice President and Chief Lending Officer of the Bank, earned $590K in 2018, a 5% increase compared to previous year.
Joseph J. MarcAurele, Chief Executive Officer, received $293K in 2018, which decreases by 81% compared to 2017.
David V. Devault, Chief Financial Officer, earned $55K in 2018, a 96% decrease compared to previous year.
Related executives
Edward Handy
Washington Trust Bancorp
Chief Executive Officer
Mark Gim
Washington Trust Bancorp
Chief Operating Officer
Ronald Ohsberg
Washington Trust Bancorp
Chief Financial Officer
Kathleen Ryan
Washington Trust Bancorp
Executive Vice President and Chief Wealth Management Officer of the Bank
James Hagerty
Washington Trust Bancorp
Executive Vice President and Chief Lending Officer of the Bank
Joseph MarcAurele
Washington Trust Bancorp
Chief Executive Officer
David Devault
Washington Trust Bancorp
Chief Financial Officer
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Source: SEC filing on March 12, 2019.