City Holding CEO Charles Hageboeck's 2021 pay slips 10% to $1.5M
City Holding reports 2021 executive compensation
By ExecPay News
Published: March 14, 2022
City Holding reported fiscal year 2021 executive compensation information on March 14, 2022.
In 2021, five executives at City Holding received on average a compensation package of $700K, a 17% decrease compared to previous year.
Average pay of disclosed executives at City Holding
Charles R. Hageboeck, Chief Executive Officer, received $1.5M in total, which decreased by 10% compared to 2020. 45% of Hageboeck's compensation, or $650K, was in salary. Hageboeck also received $408K in non-equity incentive plan, $390K in stock awards, as well as $11K in other compensation.
John A. DeRito, Executive Vice President, Commercial Banking, received a compensation package of $582K, which decreased by 6% compared to previous year. 52% of the compensation package, or $300K, was in salary.
David L. Bumgarner, Chief Financial Officer, earned $499K in 2021, a 7% decrease compared to previous year.
Jeffrey D. Legge, Chief Investment Officer, received $481K in 2021, which decreases by 7% compared to 2020.
Michael T. Quinlan, Jr, Executive Vice President, Retail Banking, earned $479K in 2021.
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Source: SEC filing on March 14, 2022.