Northwest Bancshares reports 2018 executive compensation

CEO Ronald J. Seiffert receives $1M

Northwest Bancshares reported fiscal year 2018 executive compensation information on March 7, 2019.

In 2018, six executives at Northwest Bancshares received on average a compensation package of $707,730, a 20% decrease compared to previous year.

Average pay of disclosed executives at Northwest Bancshares

Ronald J. Seiffert, Chief Executive Officer, received $1,032,672 in total. 55.62% of Seiffert's compensation, or $574,423, was in salary. Seiffert also received $141,488 in bonus, $66,711 of change in pension value and nonqualified deferred compensation earnings, $35,760 in option awards, $186,638 in stock awards, as well as $27,652 in other compensation.

William J. Wagner, Chairman, received a compensation package of $806,776, which decreased by 53% compared to previous year. 54.59% of the compensation package, or $440,412, was in salary.

Steven G. Fisher, Sr. Executive Vice President, Chief Revenue Officer, earned $698,113 in 2018, a 20% decrease compared to previous year.

William W. Harvey, Jr, Chief Financial Officer, received $691,423 in 2018, which decreases by 14% compared to 2017.

Michael W. Bickerton, Executive Vice President, Commercial Lending, earned $518,695 in 2018, a 4% increase compared to previous year.

Michael G. Smelko, Executive Vice President, Chief Credit Officer, received $498,701 in 2018, which decreases by 9% compared to 2017.