Michael E. Benito

2018

In 2018, Michael E. Benito earned a total compensation of $502.9K as Executive Vice President/Banking Division of Heritage Bank of Commerce at Heritage Commerce, a 17% decrease compared to previous year.

Compensation breakdown

Change in Pension Value and Nonqualified Deferred Compensation Earnings$24,000
Non-Equity Incentive Plan$70,003
Salary$280,013
Stock Awards$100,800
Other$28,053
Total$502,869

Benito received $280K in salary, accounting for 56% of the total pay in 2018.

Benito also received $24K of change in pension value and nonqualified deferred compensation earnings, $70K in non-equity incentive plan, $100.8K in stock awards and $28.1K in other compensation.

Rankings

In 2018, Michael E. Benito's compensation ranked 11,855th out of 14,244 executives tracked by ExecPay. In other words, Benito earned more than 16.8% of executives.

ClassificationRankingPercentile
All
11,855
out of 14,244
17th
Division
Finance, Insurance, And Real Estate
2,313
out of 2,994
23rd
Major group
Depository Institutions
849
out of 1,316
36th
Industry group
Commercial Banks
741
out of 1,072
31st
Industry
State Commercial Banks
455
out of 708
36th

Pay ratio

Michael E. Benito's Pay$502,869
Median Employee's Pay$78,500
Pay Ratio

6

to 1

In 2018, the annual total compensation of Michael E. Benito was $502,869.

The annual total compensation of the median employee at Heritage Commerce was $78,500.

The ratio of Michael E. Benito's pay to the pay of median employee was therefore 6 to one.

Source: SEC filing on April 15, 2019.

Benito's colleagues

We found four more compensation records of executives who worked with Michael E. Benito at Heritage Commerce in 2018.

2018

Walter Kaczmarek

Heritage Commerce

Chief Executive Officer

2018

Keith Wilton

Heritage Commerce

Chief Operating Officer

2018

Lawrence McGovern

Heritage Commerce

Chief Financial Officer

2018

Margo Butsch

Heritage Commerce

Executive Vice President &Chief Credit Officer of Heritage Bank of Commerce

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