CAMBRIDGE BANCORP CEO Denis Sheahan's 2021 pay slips 13% to $2M
CAMBRIDGE BANCORP reports 2021 executive compensation
By ExecPay News
Published: March 16, 2022
CAMBRIDGE BANCORP reported fiscal year 2021 executive compensation information on March 16, 2022.
In 2021, five executives at CAMBRIDGE BANCORP received on average a compensation package of $1.2M, a 1% decrease compared to previous year.
Average pay of disclosed executives at CAMBRIDGE BANCORP
Denis K. Sheahan, Chief Executive Officer, received $2M in total, which decreased by 13% compared to 2020. 31% of Sheahan's compensation, or $600K, was in stock awards. Sheahan also received $251K of change in pension value and nonqualified deferred compensation earnings, $432K in non-equity incentive plan, $565K in salary, as well as $118K in other compensation.
For fiscal year 2021, the median employee pay was $110,510 at CAMBRIDGE BANCORP. Therefore, the ratio of Denis K. Sheahan's pay to the median employee pay was 18 to one.
Thomas J. Fontaine, EVP, CBO, received a compensation package of $1.4M, which increased by 50% compared to previous year. 32% of the compensation package, or $456K, was in salary.
Jennifer A. Pline, EVP, WM, earned $902K in 2021, a 5% decrease compared to previous year.
Martin B. Millane, Jr, Chief Legal Officer, received $788K in 2021, which decreases by 13% compared to 2020.
Michael F. Carotenuto, Chief Financial Officer, earned $657K in 2021, a 3% decrease compared to previous year.
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Source: SEC filing on March 16, 2022.