Great Western Bancorp. reports 2018 executive compensation

CEO Kenneth Karels receives $3.2M

Great Western Bancorp. reported fiscal year 2018 executive compensation information on January 11, 2019.

In 2018, six executives at Great Western Bancorp. received on average a compensation package of $1,075,880, a 14% decrease compared to previous year.

Average pay of disclosed executives at Great Western Bancorp.

Kenneth Karels, Chief Executive Officer, received $3,242,776 in total, which increased by 2% compared to 2017. 33.40% of Karels' compensation, or $1,082,997, was in stock awards. Karels also received $1,079,925 in non-equity incentive plan, $825,000 in salary, as well as $254,854 in other compensation.

Peter Chapman, Chief Financial Officer, received a compensation package of $1,133,309, which increased by 1% compared to previous year. 35.29% of the compensation package, or $400,000, was in salary.

Doug Bass, Chief Operating Officer, earned $675,418 in 2018, a 4% decrease compared to previous year.

Stephen Ulenberg, Former Executive Vice President and CRO, received $554,264 in 2018, which decreases by 31% compared to 2017.

Michael Gough, Executive Vice President of the Company and CCO of the Bank, earned $505,199 in 2018, a 19% increase compared to previous year.

Karlyn Knieriem, Executive Vice President and CRO, received $344,314 in 2018.

Great Western Bancorp.'s fiscal year ends on September 30.