1st Source CEO Christopher Murphy's 2007 pay slips 19% to $1.3M
1st Source reports 2007 executive compensation
By ExecPay News
Published: March 14, 2008
1st Source reported fiscal year 2007 executive compensation information on March 14, 2008.
In 2007, five 1st Source executives received on average a compensation package of $564K, a 15% decrease compared to previous year.
Average pay of disclosed executives at 1st Source
Christopher J. Murphy III, Chief Executive Officer, received $1.3M in total, which decreased by 19% compared to 2006. 52% of Murphy's compensation, or $649K, was in salary. Murphy also received $419K in non-equity incentive plan, $116K in stock awards, as well as $72K in other compensation.
Wellington D. Jones III, Chief Operating Officer, received a compensation package of $522K, which decreased by 5% compared to previous year. 68% of the compensation package, or $355K, was in salary.
John B. Griffith, General Counsel, earned $371K in 2007, a 12% decrease compared to previous year.
Richard Q. Stifel, Executive Vice President, Business Banking Group, st Source Bank, received $368K in 2007, which decreases by 21% compared to 2006.
Larry E. Lentych, Chief Financial Officer, earned $302K in 2007, a 3% decrease compared to previous year.
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Source: SEC filing on March 14, 2008.