Michael P. Reed

2020

In 2020, Michael P. Reed earned a total compensation of $1.1M as Executive Vice President and Chief Risk Officer at WSFS Financial.

Compensation breakdown

Bonus$343,333
Non-Equity Incentive Plan$2,000
Option Awards$135,000
Salary$276,667
Stock Awards$335,000
Other$9,977
Total$1,101,977

Reed received $343.3K in bonus, accounting for 31% of the total pay in 2020.

Reed also received $2K in non-equity incentive plan, $135K in option awards, $276.7K in salary, $335K in stock awards and $10K in other compensation.

Rankings

In 2020, Michael P. Reed's compensation ranked 8,220th out of 13,090 executives tracked by ExecPay. In other words, Reed earned more than 37.2% of executives.

ClassificationRankingPercentile
All
8,220
out of 13,090
37th
Division
Finance, Insurance, And Real Estate
1,426
out of 2,550
44th
Major group
Depository Institutions
377
out of 1,117
66th
Industry group
Commercial Banks
325
out of 897
64th
Industry
National Commercial Banks
139
out of 317
56th

Pay ratio

Michael P. Reed's Pay$1,101,977
Median Employee's Pay$75,927
Pay Ratio

15

to 1

In 2020, the annual total compensation of Michael P. Reed was $1,101,977.

The annual total compensation of the median employee at WSFS Financial was $75,927.

The ratio of Michael P. Reed's pay to the pay of median employee was therefore 15 to one.

Source: SEC filing on March 23, 2021.

Reed's colleagues

We found four more compensation records of executives who worked with Michael P. Reed at WSFS Financial in 2020.

2020

Rodger Levenson

WSFS Financial

Chief Executive Officer

2020

Dominic Canuso

WSFS Financial

Chief Financial Officer

2020

Steve Clark

WSFS Financial

Executive Vice President and Chief Commercial Banking Officer

2020

Peggy Eddens

WSFS Financial

Executive Vice President and Chief Customer Officer

News

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