David V. Devault

Washington Trust Bancorp

Retired Vice Chair, Secretary & Chief Financial Officer of the Corporation and Bank

Overview

David V. Devault received an average compensation of $752,830 at Washington Trust Bancorp from 2007 to 2018.

Annual data

2018

Non-Equity Incentive Plan$16,100
Salary$37,379
Other$1,129
Total$54,608

In 2018, David V. Devault earned a total compensation of $54,608 as Retired Vice Chair, Secretary & Chief Financial Officer of the Corporation and Bank at Washington Trust Bancorp.

Devault received $37,379 in salary, which accounts for 68.45% of total compensation.

Devault also received $16,100 in non-equity incentive plan and $1,129 in other compensation.

David V. Devault's Pay$54,608
Median Employee's Pay$62,366
Pay Ratio1 : 1

For fiscal year 2018, the annual total compensation for David V. Devault was $54,608 and for the median employee at Washington Trust Bancorp was $62,366. The resulting ratio of David V. Devault's pay to the pay of median employee was 1 to one.

2017

Bonus$19,860
Change in Pension Value and Nonqualified Deferred Compensation Earnings$484,337
Non-Equity Incentive Plan$148,950
Salary$331,000
Stock Awards$248,880
Other$10,025
Total$1,243,052

In 2017, David V. Devault earned a total compensation of $1,243,052 as Retired Vice Chair, Secretary & Chief Financial Officer of the Corporation and the Bank at Washington Trust Bancorp.

Devault received $484,337 of change in pension value and nonqualified deferred compensation earnings, which accounts for 38.96% of total compensation.

Devault also received $19,860 in bonus, $148,950 in non-equity incentive plan, $331,000 in salary, $248,880 in stock awards and $10,025 in other compensation.

2016

Change in Pension Value and Nonqualified Deferred Compensation Earnings$411,898
Non-Equity Incentive Plan$150,000
Salary$319,038
Stock Awards$243,743
Other$9,696
Total$1,134,375

In 2016, David V. Devault earned a total compensation of $1,134,375 as Vice Chair, Secretary & Chief Financial Officer of the Corporation and the Bank at Washington Trust Bancorp.

Devault received $411,898 of change in pension value and nonqualified deferred compensation earnings, which accounts for 36.31% of total compensation.

Devault also received $150,000 in non-equity incentive plan, $319,038 in salary, $243,743 in stock awards and $9,696 in other compensation.

2015

Change in Pension Value and Nonqualified Deferred Compensation Earnings$278,181
Non-Equity Incentive Plan$150,000
Salary$320,608
Stock Awards$239,526
Other$9,753
Total$998,068

In 2015, David V. Devault earned a total compensation of $998,068 as Vice Chair, Secretary & Chief Financial Officer of the Corporation and the Bank at Washington Trust Bancorp.

Devault received $320,608 in salary, which accounts for 32.12% of total compensation.

Devault also received $278,181 of change in pension value and nonqualified deferred compensation earnings, $150,000 in non-equity incentive plan, $239,526 in stock awards and $9,753 in other compensation.

2014

Change in Pension Value and Nonqualified Deferred Compensation Earnings$625,516
Non-Equity Incentive Plan$150,000
Salary$299,731
Stock Awards$106,753
Other$9,171
Total$1,191,171

In 2014, David V. Devault earned a total compensation of $1,191,171 as Vice Chair, Secretary & Chief Financial Officer of the Corporation and the Bank at Washington Trust Bancorp.

Devault received $625,516 of change in pension value and nonqualified deferred compensation earnings, which accounts for 52.51% of total compensation.

Devault also received $150,000 in non-equity incentive plan, $299,731 in salary, $106,753 in stock awards and $9,171 in other compensation.

2013

Change in Pension Value and Nonqualified Deferred Compensation Earnings$257,189
Non-Equity Incentive Plan$105,000
Salary$274,375
Stock Awards$168,023
Other$8,398
Total$812,985

In 2013, David V. Devault earned a total compensation of $812,985 as Vice Chair, Secretary & Chief Financial Officer of the Corporation and the Bank at Washington Trust Bancorp.

Devault received $274,375 in salary, which accounts for 33.75% of total compensation.

Devault also received $257,189 of change in pension value and nonqualified deferred compensation earnings, $105,000 in non-equity incentive plan, $168,023 in stock awards and $8,398 in other compensation.

2012

Change in Pension Value and Nonqualified Deferred Compensation Earnings$466,906
Non-Equity Incentive Plan$105,000
Salary$261,052
Stock Awards$156,090
Other$7,998
Total$997,046

In 2012, David V. Devault earned a total compensation of $997,046 as Vice Chair, Secretary & Chief Financial Officer of the Corporation and the Bank at Washington Trust Bancorp.

Devault received $466,906 of change in pension value and nonqualified deferred compensation earnings, which accounts for 46.83% of total compensation.

Devault also received $105,000 in non-equity incentive plan, $261,052 in salary, $156,090 in stock awards and $7,998 in other compensation.

2011

Bonus$4,579
Change in Pension Value and Nonqualified Deferred Compensation Earnings$337,554
Non-Equity Incentive Plan$85,421
Salary$253,144
Stock Awards$121,677
Other$7,815
Total$810,190

In 2011, David V. Devault earned a total compensation of $810,190 as Vice Chair, Secretary & Chief Financial Officer of the Corporation and the Bank at Washington Trust Bancorp.

Devault received $337,554 of change in pension value and nonqualified deferred compensation earnings, which accounts for 41.66% of total compensation.

Devault also received $4,579 in bonus, $85,421 in non-equity incentive plan, $253,144 in salary, $121,677 in stock awards and $7,815 in other compensation.

2010

Bonus$8,677
Change in Pension Value and Nonqualified Deferred Compensation Earnings$201,614
Non-Equity Incentive Plan$86,323
Option Awards$35,835
Salary$234,892
Stock Awards$36,792
Other$7,236
Total$611,369

In 2010, David V. Devault earned a total compensation of $611,369 as Senior Executive Vice President, Secretary and Chief Financial Officer at Washington Trust Bancorp.

Devault received $234,892 in salary, which accounts for 38.42% of total compensation.

Devault also received $8,677 in bonus, $201,614 of change in pension value and nonqualified deferred compensation earnings, $86,323 in non-equity incentive plan, $35,835 in option awards, $36,792 in stock awards and $7,236 in other compensation.

2009

Bonus$3,121
Change in Pension Value and Nonqualified Deferred Compensation Earnings$110,519
Non-Equity Incentive Plan$21,879
Salary$227,908
Other$6,988
Total$370,415

In 2009, David V. Devault earned a total compensation of $370,415 as Senior Executive Vice President, Secretary and Chief Financial Officer at Washington Trust Bancorp.

Devault received $227,908 in salary, which accounts for 61.53% of total compensation.

Devault also received $3,121 in bonus, $110,519 of change in pension value and nonqualified deferred compensation earnings, $21,879 in non-equity incentive plan and $6,988 in other compensation.

2008

Bonus$226
Change in Pension Value and Nonqualified Deferred Compensation Earnings$136,490
Non-Equity Incentive Plan$48,290
Option Awards$41,257
Salary$219,923
Stock Awards$33,768
Other$6,802
Total$486,756

In 2008, David V. Devault earned a total compensation of $486,756 as Senior Executive Vice President, Secretary and Chief Financial Officer at Washington Trust Bancorp.

Devault received $219,923 in salary, which accounts for 45.18% of total compensation.

Devault also received $226 in bonus, $136,490 of change in pension value and nonqualified deferred compensation earnings, $48,290 in non-equity incentive plan, $41,257 in option awards, $33,768 in stock awards and $6,802 in other compensation.

2007

Bonus$3,488
Change in Pension Value and Nonqualified Deferred Compensation Earnings$61,733
Non-Equity Incentive Plan$52,512
Salary$200,000
Other$6,192
Total$323,925

In 2007, David V. Devault earned a total compensation of $323,925 as Executive Vice President, Secretary and Chief Financial Officer at Washington Trust Bancorp.

Devault received $200,000 in salary, which accounts for 61.74% of total compensation.

Devault also received $3,488 in bonus, $61,733 of change in pension value and nonqualified deferred compensation earnings, $52,512 in non-equity incentive plan and $6,192 in other compensation.