KeyCorp. CEO Christopher Gorman's 2021 pay jumps 47% to $8.7M
KeyCorp. reports 2021 executive compensation
By ExecPay News
Published: March 25, 2022
KeyCorp. reported fiscal year 2021 executive compensation information on March 25, 2022.
In 2021, five KeyCorp. executives received on average a compensation package of $5.5M, a 5% decrease compared to previous year.
Average pay of disclosed executives at KeyCorp.
Christopher M. Gorman, Chief Executive Officer, received $8.7M in total, which increased by 47% compared to 2020. 45% of Gorman's compensation, or $3.9M, was in stock awards. Gorman also received $16K of change in pension value and nonqualified deferred compensation earnings, $3.3M in non-equity incentive plan, $430K in option awards, $1M in salary, as well as $38K in other compensation.
For fiscal year 2021, the median employee pay was $73,571 at KeyCorp.. Therefore, the ratio of Christopher M. Gorman's pay to the median employee pay was 118 to one.
Donald R. Kimble, Chief Financial Officer, received a compensation package of $6M, which increased by 11% compared to previous year. 43% of the compensation package, or $2.6M, was in stock awards.
Andrew J. Randy Paine III, Head of Institutional Bank, earned $5.2M in 2021, a 19% increase compared to previous year.
Angela G. Mago, Head of Commercial Bank, received $4M in 2021, which increases by 19% compared to 2020.
Amy G. Brady, Chief Information Officer, earned $3.7M in 2021, a 13% decrease compared to previous year.
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Source: SEC filing on March 25, 2022.