Enterprise Bancorp CEO John Clancy's 2020 pay slips 3% to $1M
Enterprise Bancorp reports 2020 executive compensation
By ExecPay News
Published: April 1, 2021
Enterprise Bancorp reported fiscal year 2020 executive compensation information on April 1, 2021.
In 2020, five executives at Enterprise Bancorp received on average a compensation package of $690K, a 6% increase compared to previous year.
Average pay of disclosed executives at Enterprise Bancorp
John P. Clancy, Jr, Chief Executive Officer, received $1M in total, which decreased by 3% compared to 2019. 51% of Clancy's compensation, or $526K, was in salary. Clancy also received $214K in non-equity incentive plan, $24K in option awards, $134K in stock awards, as well as $140K in other compensation.
For fiscal year 2020, the median employee pay was $70,766 at Enterprise Bancorp. Therefore, the ratio of John P. Clancy, Jr's pay to the median employee pay was 15 to one.
George L. Duncan, Chairman, received a compensation package of $890K, which decreased by 4% compared to previous year. 48% of the compensation package, or $428K, was in salary.
Richard W. Main, President of the Company and the Bank, earned $630K in 2020, a 4% decrease compared to previous year.
Stephen J. Irish, Chief Operating Officer, received $571K in 2020, which is about the same as previous year.
Joseph R. Lussier, Chief Financial Officer, earned $321K in 2020, a 24% increase compared to previous year.
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Source: SEC filing on April 1, 2021.