Northrim Bancorp CEO R Langland's 2007 pay jumps 42% to $765K
Northrim Bancorp reports 2007 executive compensation
By ExecPay News
Published: March 14, 2008
Northrim Bancorp reported fiscal year 2007 executive compensation information on March 14, 2008.
In 2007, five executives at Northrim Bancorp received on average a compensation package of $499K, a 53% increase compared to previous year.
Average pay of disclosed executives at Northrim Bancorp
R. Marc Langland, Chief Executive Officer, received $765K in total, which increased by 42% compared to 2006. 42% of Langland's compensation, or $324K, was in salary. Langland also received $42K of change in pension value and nonqualified deferred compensation earnings, $40K in non-equity incentive plan, $130K in option awards, $43K in stock awards, as well as $185K in other compensation.
Joseph M. Beedle, Executive Vice President of the Company President of the Bank, received a compensation package of $476K, which increased by 129% compared to previous year. 43% of the compensation package, or $203K, was in salary.
Christopher N. Knudson, Chief Operating Officer, earned $473K in 2007, a 30% increase compared to previous year.
Joseph M. Schierhorn, Chief Financial Officer, received $427K in 2007, which increases by 44% compared to 2006.
Steven L. Hartung, Executive Vice President, Quality Assurance Officer, earned $357K in 2007.
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
Steven Hartung
Northrim Bancorp
Executive Vice President, Chief Credit Officer
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Source: SEC filing on March 14, 2008.