City Holding CEO Charles Hageboeck's 2020 pay rises 5% to $1.6M
City Holding reports 2020 executive compensation
By ExecPay News
Published: March 29, 2021
City Holding reported fiscal year 2020 executive compensation information on March 29, 2021.
In 2020, five executives at City Holding received on average a compensation package of $842K, a 5% 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 5% compared to 2019. 40% of Hageboeck's compensation, or $650K, was in salary. Hageboeck also received $585K in non-equity incentive plan, $382K in stock awards, as well as $13K in other compensation.
For fiscal year 2020, the median employee pay was $36,520 at City Holding. Therefore, the ratio of Charles R. Hageboeck's pay to the median employee pay was 45 to one.
Craig G. Stilwell, Executive Vice President, Retail Banking, received a compensation package of $907K, which increased by 5% compared to previous year. 46% of the compensation package, or $420K, was in salary.
John A. DeRito, Executive Vice President, Commercial Banking, earned $622K in 2020, a 4% increase compared to previous year.
David L. Bumgarner, Chief Financial Officer, received $535K in 2020, which increases by 5% compared to 2019.
Jeffrey D. Legge, Chief Investment Officer, earned $516K in 2020, a 5% increase compared to previous year.
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Source: SEC filing on March 29, 2021.