Cullen/Frost Bankers CEO Phillip Green's 2021 pay jumps 36% to $5.2M
Cullen/Frost Bankers reports 2021 executive compensation
By ExecPay News
Published: March 17, 2022
Cullen/Frost Bankers reported fiscal year 2021 executive compensation information on March 17, 2022.
In 2021, five executives at Cullen/Frost Bankers received on average a compensation package of $2.3M, a 25% increase compared to previous year.
Average pay of disclosed executives at Cullen/Frost Bankers
Phillip D. Green, Chief Executive Officer, received $5.2M in total, which increased by 36% compared to 2020. 56% of Green's compensation, or $2.9M, was in stock awards. Green also received $1.2M in non-equity incentive plan, $927K in salary, as well as $201K in other compensation.
For fiscal year 2021, the median employee pay was $59,106 at Cullen/Frost Bankers. Therefore, the ratio of Phillip D. Green's pay to the median employee pay was 88 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 19% compared to previous year. 37% of the compensation package, or $620K, was in stock awards.
Jerry Salinas, Chief Financial Officer, earned $1.6M in 2021, a 23% increase compared to previous year.
Patrick B. Frost, Group Executive Vice President and President of Frost Bank, a Cullen/Frost subsidiary, received $1.5M in 2021, which increases by 14% compared to 2020.
Jimmy Stead, Group Executive Vice President and Chief Consumer Banking and Technology Officer of Frost Bank, a Cullen/Frost subsidiary, earned $1.4M in 2021.
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
Jimmy Stead
Cullen/Frost Bankers
Group Executive Vice President and Chief Consumer Banking and Technology Officer of Frost Bank, a Cullen/Frost subsidiary
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Source: SEC filing on March 17, 2022.