Cullen/Frost Bankers CEO Phillip Green's 2019 pay rises 3% to $4.8M
Cullen/Frost Bankers reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
Cullen/Frost Bankers reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, five executives at Cullen/Frost Bankers received on average a compensation package of $2.3M, a 5% increase compared to previous year.
Average pay of disclosed executives at Cullen/Frost Bankers
Phillip D. Green, Chief Executive Officer, received $4.8M in total, which increased by 3% compared to 2018. 47% of Green's compensation, or $2.3M, was in stock awards. Green also received $293K of change in pension value and nonqualified deferred compensation earnings, $1M in non-equity incentive plan, $1M in salary, as well as $210K in other compensation.
For fiscal year 2019, the median employee pay was $56,246 at Cullen/Frost Bankers. Therefore, the ratio of Phillip D. Green's pay to the median employee pay was 85 to one.
Paul Bracher, President of Cullen/Frost, Group Executive Vice President and Chief Banking Officer of Frost Bank, a Cullen/Frost subsidiary, received a compensation package of $1.7M, which increased by 7% compared to previous year. 34% of the compensation package, or $585K, was in salary.
Jerry Salinas, Chief Financial Officer, earned $1.6M in 2019, a 3% increase compared to previous year.
Patrick B. Frost, Group Executive Vice President and President of Frost Bank, a Cullen/Frost subsidiary, received $1.6M in 2019, which increases by 11% compared to 2018.
William L. Perotti, Group Executive Vice President and Chief Risk Officer of Frost Bank, a Cullen/Frost subsidiary, earned $1.6M in 2019, a 8% increase compared to previous year.
Related executives
Phillip Green
Cullen/Frost Bankers
Chief Executive Officer
Jerry Salinas
Cullen/Frost Bankers
Chief Financial Officer
Paul Bracher
Cullen/Frost Bankers
President of Cullen/Frost, Group Executive Vice President and Chief Banking Officer of Frost Bank, a Cullen/Frost subsidiary
Patrick Frost
Cullen/Frost Bankers
Group Executive Vice President and President of Frost Bank, a Cullen/Frost subsidiary
William Perotti
Cullen/Frost Bankers
Group Executive Vice President and Chief Risk Officer of Frost Bank, a Cullen/Frost subsidiary
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Source: SEC filing on March 20, 2020.