Associated Banc-Corp CEO Andrew Harmening receives $11M in 2021
Associated Banc-Corp reports 2021 executive compensation
By ExecPay News
Published: March 11, 2022
Associated Banc-Corp reported fiscal year 2021 executive compensation information on March 11, 2022.
In 2021, six executives at Associated Banc-Corp received on average a compensation package of $3.4M, a 103% increase compared to previous year.
Average pay of disclosed executives at Associated Banc-Corp
Andrew J. Harmening, Chief Executive Officer, received $11M in total. 81% of Harmening's compensation, or $9.2M, was in stock awards. Harmening also received $1.2M in non-equity incentive plan, $675K in salary, as well as $243K in other compensation.
Philip B. Flynn, Chief Executive Officer, received a compensation package of $3.4M, which decreased by 18% compared to previous year. 37% of the compensation package, or $1.3M, was in salary.
Christopher J. Del Moral-Niles, Chief Financial Officer, earned $1.6M in 2021, a 35% increase compared to previous year.
John A. Utz, Executive Vice President, Head of Corporate Banking and Milwaukee Market President, received $1.4M in 2021, which increases by 33% compared to 2020.
Randall J. Erickson, General Counsel, earned $1.3M in 2021, a 32% increase compared to previous year.
David L. Stein, Executive Vice President, Head of Consumer & Business Banking and Madison Market President, received $1.3M in 2021, which increases by 34% compared to 2020.
Related executives
Andrew Harmening
Associated Banc-Corp
Chief Executive Officer
Philip Flynn
Associated Banc-Corp
Chief Executive Officer
Christopher Del Moral-Niles
Associated Banc-Corp
Chief Financial Officer
John Utz
Associated Banc-Corp
Executive Vice President, Head of Corporate Banking and Milwaukee Market President
Randall Erickson
Associated Banc-Corp
General Counsel
David Stein
Associated Banc-Corp
Executive Vice President, Head of Consumer & Business Banking and Madison Market President
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Source: SEC filing on March 11, 2022.