Heritage Commerce CEO Walter Kaczmarek's 2019 pay jumps 45% to $1.6M
Heritage Commerce reports 2019 executive compensation
By ExecPay News
Published: April 15, 2020
Heritage Commerce reported fiscal year 2019 executive compensation information on April 15, 2020.
In 2019, six executives at Heritage Commerce received on average a compensation package of $865K, a 31% increase compared to previous year.
Average pay of disclosed executives at Heritage Commerce
Walter T. Kaczmarek, Chief Executive Officer, received $1.6M in total, which increased by 45% compared to 2018. 39% of Kaczmarek's compensation, or $627K, was of change in pension value and nonqualified deferred compensation earnings. Kaczmarek also received $138K in non-equity incentive plan, $303K in salary, $304K in stock awards, as well as $238K in other compensation.
Lawrence D. McGovern, Chief Financial Officer, received a compensation package of $1M, which increased by 78% compared to previous year. 35% of the compensation package, or $352K, was of change in pension value and nonqualified deferred compensation earnings.
Michael E. Benito, Executive Vice President/Business Banking Manager of Heritage Bank of Commerce, earned $933K in 2019, a 86% increase compared to previous year.
Keith A. Wilton, Chief Executive Officer, received $856K in 2019, which increases by 25% compared to 2018.
Margo G. Butsch, Executive Vice President & Chief Credit Officer of Heritage Bank of Commerce, earned $533K in 2019, a 20% increase compared to previous year.
Robertson Clay Jones, Executive Vice President & President of Community Business Bank Group of Heritage Bank of Commerce, received $253K in 2019.
Related executives
Keith Wilton
Heritage Commerce
Chief Executive Officer
Walter Kaczmarek
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
Robertson Jones
Heritage Commerce
Chief Operating Officer
Lawrence McGovern
Heritage Commerce
Chief Financial Officer
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Source: SEC filing on April 15, 2020.