Commerce Bancshares CEO John Kemper's 2021 pay jumps 32% to $4.8M
Commerce Bancshares reports 2021 executive compensation
By ExecPay News
Published: March 11, 2022
Commerce Bancshares reported fiscal year 2021 executive compensation information on March 11, 2022.
In 2021, five executives at Commerce Bancshares received on average a compensation package of $2.2M, a 27% increase compared to previous year.
Average pay of disclosed executives at Commerce Bancshares
John W. Kemper, Chief Executive Officer, received $4.8M in total, which increased by 32% compared to 2020. 45% of Kemper's compensation, or $2.2M, was in stock awards. Kemper also received $1.6M in non-equity incentive plan, $969K in salary, as well as $111K in other compensation.
For fiscal year 2021, the median employee pay was $68,003 at Commerce Bancshares. Therefore, the ratio of John W. Kemper's pay to the median employee pay was 71 to one.
Kevin G. Barth, Executive Vice President, received a compensation package of $1.7M, which increased by 28% compared to previous year. 32% of the compensation package, or $562K, was in non-equity incentive plan.
Charles G. Kim, Chief Financial Officer, earned $1.7M in 2021, a 16% increase compared to previous year.
Robert S. Holmes, Executive Vice President, received $1.3M in 2021, which increases by 36% compared to 2020.
David W. Kemper, Chairman, earned $1.3M in 2021, a 24% decrease compared to previous year.
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Source: SEC filing on March 11, 2022.