Heritage Financial CEO Brian Vance's 2018 pay rises 9% to $1.4M
Heritage Financial reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
Heritage Financial reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, five executives at Heritage Financial received on average a compensation package of $826K, a 14% increase compared to previous year.
Average pay of disclosed executives at Heritage Financial
Brian L. Vance, Chief Executive Officer, received $1.4M in total, which increased by 9% compared to 2017. 41% of Vance's compensation, or $586K, was in salary. Vance also received $4.8K of change in pension value and nonqualified deferred compensation earnings, $315K in non-equity incentive plan, $266K in stock awards, as well as $254K in other compensation.
For fiscal year 2018, the median employee pay was $52,473 at Heritage Financial. Therefore, the ratio of Brian L. Vance's pay to the median employee pay was 27 to one.
Jeffrey J. Deuel, Chief Executive Officer, received a compensation package of $878K, which increased by 25% compared to previous year. 49% of the compensation package, or $429K, was in salary.
Bryan D. McDonald, Chief Operating Officer, earned $656K in 2018, a 19% increase compared to previous year.
Donald J. Hinson, Chief Financial Officer, received $590K in 2018, which increases by 11% compared to 2017.
David A. Spurling, Executive Vice President, Chief Credit Officer of Heritage Bank, earned $577K in 2018, a 8% increase compared to previous year.
Related executives
Brian Vance
Heritage Financial
Chief Executive Officer
Jeffrey Deuel
Heritage Financial
Chief Executive Officer
Donald Hinson
Heritage Financial
Chief Financial Officer
Bryan McDonald
Heritage Financial
Chief Operating Officer
David Spurling
Heritage Financial
Executive Vice President, Chief Credit Officer of Heritage Bank
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Source: SEC filing on March 21, 2019.