Northrim Bancorp CEO R Langland receives $538K in 2006

Northrim Bancorp reports 2006 executive compensation

By ExecPay News

Published: March 16, 2007

Northrim Bancorp reported fiscal year 2006 executive compensation information on March 16, 2007.
In 2006, five executives at Northrim Bancorp received on average a compensation package of $327K.
Average pay of disclosed executives at Northrim Bancorp
R. Marc Langland, Chief Executive Officer, received $538K in total. 52% of Langland's compensation, or $281K, was in salary. Langland also received $64K of change in pension value and nonqualified deferred compensation earnings, $93K in non-equity incentive plan, $48K in option awards, $21K in stock awards, as well as $31K in other compensation.
Christopher N. Knudson, Chief Operating Officer, received a compensation package of $363K. 63% of the compensation package, or $228K, was in salary.
Joseph M. Schierhorn, Chief Financial Officer, earned $296K in 2006.
Victor P. Mollozzi, Senior Vice President, Senior Credit Officer, received $232K in 2006.
Joseph M. Beedle, Executive Vice President, Chief Lending Officer, earned $208K in 2006.

Related executives

R Langland

Northrim Bancorp

Chief Executive Officer

Joseph Schierhorn

Northrim Bancorp

Chief Financial Officer

Christopher Knudson

Northrim Bancorp

Chief Operating Officer

Joseph Beedle

Northrim Bancorp

Executive Vice President of the Company President of the Bank

Victor Mollozzi

Northrim Bancorp

Senior Vice President, Senior Credit Officer

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Source: SEC filing on March 16, 2007.