City Holding CEO Charles Hageboeck's 2019 pay rises 17% to $1.6M
City Holding reports 2019 executive compensation
By ExecPay News
Published: March 16, 2020
City Holding reported fiscal year 2019 executive compensation information on March 16, 2020.
In 2019, five executives at City Holding received on average a compensation package of $803K, a 15% increase compared to previous year.
Average pay of disclosed executives at City Holding
Charles R. Hageboeck, Chief Executive Officer, received $1.6M in total, which increased by 17% compared to 2018. 41% of Hageboeck's compensation, or $637K, was in salary. Hageboeck also received $534K in non-equity incentive plan, $369K in stock awards, as well as $13K in other compensation.
For fiscal year 2019, the median employee pay was $34,955 at City Holding. Therefore, the ratio of Charles R. Hageboeck's pay to the median employee pay was 44 to one.
Craig G. Stilwell, Executive Vice President, Retail Banking, received a compensation package of $864K, which increased by 10% compared to previous year. 48% of the compensation package, or $412K, was in salary.
John A. DeRito, Executive Vice President, Commercial Banking, earned $600K in 2019, a 3% increase compared to previous year.
David L. Bumgarner, Chief Financial Officer, received $509K in 2019, which increases by 23% compared to 2018.
Jeffrey D. Legge, Chief Investment Officer, earned $490K in 2019, a 23% increase compared to previous year.
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Source: SEC filing on March 16, 2020.