Fifth Third Bancorp CEO Greg Carmichael's 2018 pay jumps 29% to $11M
Fifth Third Bancorp reports 2018 executive compensation
By ExecPay News
Published: March 6, 2019
Fifth Third Bancorp reported fiscal year 2018 executive compensation information on March 6, 2019.
In 2018, six executives at Fifth Third Bancorp received on average a compensation package of $4.6M, a 13% increase compared to previous year.
Average pay of disclosed executives at Fifth Third Bancorp
Greg D. Carmichael, Chief Executive Officer, received $11M in total, which increased by 29% compared to 2017. 44% of Carmichael's compensation, or $4.9M, was in stock awards. Carmichael also received $4.1M in non-equity incentive plan, $862K in option awards, $1.1M in salary, as well as $235K in other compensation.
For fiscal year 2018, the median employee pay was $64,186 at Fifth Third Bancorp. Therefore, the ratio of Greg D. Carmichael's pay to the median employee pay was 174 to one.
Lars C. Anderson, Chief Operating Officer, received a compensation package of $3.9M, which increased by 19% compared to previous year. 37% of the compensation package, or $1.4M, was in stock awards.
Teresa J. Tanner, Chief Administrative Officer, earned $3.6M in 2018.
Timothy N. Spence, Executive Vice President and Head of Consumer Bank, Payments, and Strategy, received $3M in 2018, which decreases by 2% compared to 2017.
Tayfun Tuzun, Chief Financial Officer, earned $3M in 2018, a 11% increase compared to previous year.
Frank R. Forrest, Executive Vice President and Chief Risk Officer, received $2.9M in 2018, which increases by 8% compared to 2017.
Related executives
Greg Carmichael
Fifth Third Bancorp
Chief Executive Officer
Tayfun Tuzun
Fifth Third Bancorp
Chief Financial Officer
Lars Anderson
Fifth Third Bancorp
Chairman
Teresa Tanner
Fifth Third Bancorp
Chief Administrative Officer
Timothy Spence
Fifth Third Bancorp
President, Fifth Third Bancorp
Frank Forrest
Fifth Third Bancorp
Former Executive Vice President and Chief Risk Officer
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Source: SEC filing on March 6, 2019.