Cullen/Frost Bankers CEO Phillip Green's 2020 pay slips 20% to $3.8M
Cullen/Frost Bankers reports 2020 executive compensation
By ExecPay News
Published: March 16, 2021
Cullen/Frost Bankers reported fiscal year 2020 executive compensation information on March 16, 2021.
In 2020, five executives at Cullen/Frost Bankers received on average a compensation package of $1.8M, a 20% decrease compared to previous year.
Average pay of disclosed executives at Cullen/Frost Bankers
Phillip D. Green, Chief Executive Officer, received $3.8M in total, which decreased by 20% compared to 2019. 59% of Green's compensation, or $2.2M, was in stock awards. Green also received $117K of change in pension value and nonqualified deferred compensation earnings, $227K in non-equity incentive plan, $1M in salary, as well as $200K in other compensation.
For fiscal year 2020, the median employee pay was $57,171 at Cullen/Frost Bankers. Therefore, the ratio of Phillip D. Green's pay to the median employee pay was 67 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 $1.4M, which decreased by 20% compared to previous year. 43% of the compensation package, or $595K, was in salary.
Jerry Salinas, Chief Financial Officer, earned $1.3M in 2020, a 19% decrease compared to previous year.
Patrick B. Frost, Group Executive Vice President and President of Frost Bank, a Cullen/Frost subsidiary, received $1.3M in 2020, which decreases by 21% compared to 2019.
William L. Perotti, Group Executive Vice President and Chief Risk Officer of Frost Bank, a Cullen/Frost subsidiary, earned $1.2M in 2020, a 21% decrease 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 16, 2021.