Thomas C. Shafer
2018
In 2018, Thomas C. Shafer earned a total compensation of $2.9M as Vice Chairman of Chemical and President and Chief Executive Officer of Chemical Bank at Chemical Financial, a 43% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $969,000 |
|---|---|
| Salary | $903,846 |
| Stock Awards | $993,556 |
| Other | $59,252 |
| Total | $2,925,654 |
Shafer received $993.6K in stock awards, accounting for 34% of the total pay in 2018.
Shafer also received $969K in non-equity incentive plan, $903.8K in salary and $59.3K in other compensation.
Rankings
In 2018, Thomas C. Shafer's compensation ranked 3,970th out of 14,244 executives tracked by ExecPay. In other words, Shafer earned more than 72.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 3,970 out of 14,244 | 72nd |
Division Finance, Insurance, And Real Estate | 729 out of 2,994 | 76th |
Major group Depository Institutions | 143 out of 1,316 | 89th |
Industry group Commercial Banks | 128 out of 1,072 | 88th |
Industry State Commercial Banks | 55 out of 708 | 92nd |
Pay ratio
| Thomas C. Shafer's Pay | $2,925,654 |
|---|---|
| Median Employee's Pay | $40,686 |
| Pay Ratio | 72to 1 |
In 2018, the annual total compensation of Thomas C. Shafer was $2,925,654.
The annual total compensation of the median employee at Chemical Financial was $40,686.
The ratio of Thomas C. Shafer's pay to the pay of median employee was therefore 72 to one.
Source: SEC filing on March 28, 2019.
Shafer's colleagues
We found four more compensation records of executives who worked with Thomas C. Shafer at Chemical Financial in 2018.