First Internet Bancorp CEO David Becker's 2018 pay rises 2% to $1.5M
First Internet Bancorp reports 2018 executive compensation
By ExecPay News
Published: March 28, 2019
First Internet Bancorp reported fiscal year 2018 executive compensation information on March 28, 2019.
In 2018, four executives at First Internet Bancorp received on average a compensation package of $765K, a 4% decrease compared to previous year.
Average pay of disclosed executives at First Internet Bancorp
David B. Becker, Chief Executive Officer, received $1.5M in total, which increased by 2% compared to 2017. 47% of Becker's compensation, or $700K, was in salary. Becker also received $215K in non-equity incentive plan, $570K in stock awards, as well as $17K in other compensation.
For fiscal year 2018, the median employee pay was $62,662 at First Internet Bancorp. Therefore, the ratio of David B. Becker's pay to the median employee pay was 24 to one.
Kenneth J. Lovik, Chief Financial Officer, received a compensation package of $565K, which decreased by 9% compared to previous year. 52% of the compensation package, or $292K, was in salary.
Nicole S. Lorch, Chief Operating Officer, earned $552K in 2018, a 8% decrease compared to previous year.
C. Charles Perfetti, Secretary, received $443K in 2018, which decreases by 10% compared to 2017.
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Source: SEC filing on March 28, 2019.