CAMBRIDGE BANCORP CEO Denis Sheahan's 2019 pay rises 6% to $2M
CAMBRIDGE BANCORP reports 2019 executive compensation
By ExecPay News
Published: March 19, 2020
CAMBRIDGE BANCORP reported fiscal year 2019 executive compensation information on March 19, 2020.
In 2019, five executives at CAMBRIDGE BANCORP received on average a compensation package of $1.1M, a 8% increase compared to previous year.
Average pay of disclosed executives at CAMBRIDGE BANCORP
Denis K. Sheahan, Chief Executive Officer, received $2M in total, which increased by 6% compared to 2018. 37% of Sheahan's compensation, or $750K, was in stock awards. Sheahan also received $319K of change in pension value and nonqualified deferred compensation earnings, $343K in non-equity incentive plan, $508K in salary, as well as $113K in other compensation.
For fiscal year 2019, the median employee pay was $173,539 at CAMBRIDGE BANCORP. Therefore, the ratio of Denis K. Sheahan's pay to the median employee pay was 12 to one.
Mark D. Thompson, President, received a compensation package of $1.2M, which increased by 10% compared to previous year. 38% of the compensation package, or $450K, was in salary.
Jennifer A. Pline, EVP, WM, earned $931K in 2019, a 6% increase compared to previous year.
Martin B. Millane, Jr, Chief Legal Officer, received $904K in 2019, which increases by 17% compared to 2018.
Michael F. Carotenuto, Chief Financial Officer, earned $636K in 2019, a 4% increase compared to previous year.
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Source: SEC filing on March 19, 2020.