Michael P. Reed

2021

In 2021, Michael P. Reed earned a total compensation of $1.5M as Executive Vice Presidentand Chief Risk Officer at WSFS Financial, a 32% increase compared to previous year.

Compensation breakdown

Bonus$496,775
Non-Equity Incentive Plan$1,690
Option Awards$89,640
Salary$422,083
Stock Awards$98,604
Other$343,854
Total$1,452,646

Reed received $496.8K in bonus, accounting for 34% of the total pay in 2021.

Reed also received $1.7K in non-equity incentive plan, $89.6K in option awards, $422.1K in salary, $98.6K in stock awards and $343.9K in other compensation.

Rankings

In 2021, Michael P. Reed's compensation ranked 7,386th out of 12,415 executives tracked by ExecPay. In other words, Reed earned more than 40.5% of executives.

ClassificationRankingPercentile
All
7,386
out of 12,415
41st
Division
Finance, Insurance, And Real Estate
1,143
out of 2,276
50th
Major group
Depository Institutions
265
out of 1,000
74th
Industry group
Commercial Banks
231
out of 800
71st
Industry
National Commercial Banks
112
out of 277
60th

Pay ratio

Michael P. Reed's Pay$1,452,646
Median Employee's Pay$80,911
Pay Ratio

18

to 1

In 2021, the annual total compensation of Michael P. Reed was $1,452,646.

The annual total compensation of the median employee at WSFS Financial was $80,911.

The ratio of Michael P. Reed's pay to the pay of median employee was therefore 18 to one.

Source: SEC filing on March 28, 2022.

Reed's colleagues

We found four more compensation records of executives who worked with Michael P. Reed at WSFS Financial in 2021.

2021

Rodger Levenson

WSFS Financial

Chief Executive Officer

2021

Dominic Canuso

WSFS Financial

Chief Financial Officer

2021

Peggy Eddens

WSFS Financial

Executive Vice President and Chief Customer Experience Officer

2021

Steve Clark

WSFS Financial

Executive Vice President and Chief Commercial Banking Officer

News

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