Northern Trust reports 2018 executive compensation

CEO Michael G. O'Grady receives $8M

Northern Trust reported fiscal year 2018 executive compensation information on March 12, 2019.

In 2018, six executives at Northern Trust received on average a compensation package of $5,419,460, a 17% decrease compared to previous year.

Average pay of disclosed executives at Northern Trust

Michael G. O'Grady, Chief Executive Officer, received $7,971,986 in total, which increased by 50% compared to 2017. 60.84% of O'Grady's compensation, or $4,850,107, was in stock awards. O'Grady also received $112,894 of change in pension value and nonqualified deferred compensation earnings, $2,075,000 in non-equity incentive plan, $900,000 in salary, as well as $33,985 in other compensation.

Frederick H. Waddell, Chairman, received a compensation package of $7,571,384, which decreased by 36% compared to previous year. 52.83% of the compensation package, or $4,000,095, was in stock awards.

Jana R. Schreuder, Chief Operating Officer, earned $5,051,982 in 2018, a 16% decrease compared to previous year.

Steven L. Fradkin, President, Wealth Management, received $4,095,899 in 2018, which decreases by 20% compared to 2017.

Peter B. Cherecwich, President, Corporate & Institutional Services, earned $4,080,599 in 2018.

S. Biff Bowman, Chief Financial Officer, received $3,744,912 in 2018, which decreases by 13% compared to 2017.