Heritage Commerce CEO Walter Kaczmarek's 2018 pay rises 10% to $1.1M
Heritage Commerce reports 2018 executive compensation
By ExecPay News
Published: April 15, 2019
Heritage Commerce reported fiscal year 2018 executive compensation information on April 15, 2019.
In 2018, five executives at Heritage Commerce received on average a compensation package of $661K, a 17% increase compared to previous year.
Average pay of disclosed executives at Heritage Commerce
Walter T. Kaczmarek, Chief Executive Officer, received $1.1M in total, which increased by 10% compared to 2017. 44% of Kaczmarek's compensation, or $495K, was in salary. Kaczmarek also received $149K in non-equity incentive plan, $420K in stock awards, as well as $49K in other compensation.
For fiscal year 2018, the median employee pay was $78,500 at Heritage Commerce. Therefore, the ratio of Walter T. Kaczmarek's pay to the median employee pay was 14 to one.
Keith A. Wilton, Chief Operating Officer, received a compensation package of $682K, which increased by 3% compared to previous year. 53% of the compensation package, or $358K, was in salary.
Lawrence D. McGovern, Chief Financial Officer, earned $563K in 2018, a 2% increase compared to previous year.
Michael E. Benito, Executive Vice President/Banking Division of Heritage Bank of Commerce, received $503K in 2018, which decreases by 17% compared to 2017.
Margo G. Butsch, Executive Vice President &Chief Credit Officer of Heritage Bank of Commerce, earned $445K in 2018, a 57% increase compared to previous year.
Related executives
Walter Kaczmarek
Heritage Commerce
Chief Executive Officer
Keith Wilton
Heritage Commerce
Chief Executive Officer
Michael Benito
Heritage Commerce
Executive Vice President/Business Banking Manager of Heritage Bank of Commerce
Margo Butsch
Heritage Commerce
Executive Vice President & Chief Credit Officer of Heritage Bank of Commerce
Lawrence McGovern
Heritage Commerce
Chief Financial Officer
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Source: SEC filing on April 15, 2019.