Cathay General Bancorp Chairman Dunson Cheng's 2021 pay jumps 39% to $3.5M
Cathay General Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 7, 2022
Cathay General Bancorp reported fiscal year 2021 executive compensation information on April 7, 2022.
In 2021, five executives at Cathay General Bancorp received on average a compensation package of $2M, a 45% increase compared to previous year.
Average pay of disclosed executives at Cathay General Bancorp
Dunson K. Cheng, Chairman, received $3.5M in total, which increased by 39% compared to 2020. 46% of Cheng's compensation, or $1.6M, was in stock awards. Cheng also received $37K of change in pension value and nonqualified deferred compensation earnings, $970K in non-equity incentive plan, $827K in salary, as well as $28K in other compensation.
For fiscal year 2021, the median employee pay was $70,522 at Cathay General Bancorp. Therefore, the ratio of Dunson K. Cheng's pay to the median employee pay was 49 to one.
Chang M. Liu, Chief Executive Officer, received a compensation package of $3M, which increased by 42% compared to previous year. 48% of the compensation package, or $1.4M, was in stock awards.
Heng W. Chen, Chief Financial Officer, earned $1.5M in 2021, a 20% increase compared to previous year.
Kim R. Bingham, Executive Vice President and Chief Risk Officer of Cathay Bank, received $1M in 2021, which increases by 18% compared to 2020.
Mark H. Lee, Executive Vice President and Chief Credit Officer of Cathay Bank, earned $961K in 2021, a 30% increase compared to previous year.
Related executives
Chang Liu
Cathay General Bancorp
Chief Executive Officer
Heng Chen
Cathay General Bancorp
Chief Financial Officer
Dunson Cheng
Cathay General Bancorp
Chairman
Kim Bingham
Cathay General Bancorp
Executive Vice President and Chief Risk Officer of Cathay Bank
Mark Lee
Cathay General Bancorp
Executive Vice President and Chief Credit Officer of Cathay Bank
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Source: SEC filing on April 7, 2022.