Northwest Indiana Bancorp CEO Benjamin Bochnowski's 2018 pay rises 8% to $451.0K

Northwest Indiana Bancorp reports 2018 executive compensation

Published: March 11, 2019

Northwest Indiana Bancorp reported fiscal year 2018 executive compensation information on March 11, 2019.

In 2018, five executives at Northwest Indiana Bancorp received on average a compensation package of $345.1K, a 9% increase compared to previous year.

Average pay of disclosed executives at Northwest Indiana Bancorp

Benjamin J. Bochnowski, Chief Executive Officer, received $451K in total, which increased by 8% compared to 2017. 70.91% of Bochnowski's compensation, or $319.8K, was in salary. Bochnowski also received $66.8K in non-equity incentive plan, $30.6K in stock awards, as well as $33.9K in other compensation.

David A. Bochnowski, Chairman, received a compensation package of $389.4K, which increased by 10% compared to previous year. 65.70% of the compensation package, or $255.9K, was in salary.

Robert T. Lowry, Chief Financial Officer, earned $301.8K in 2018, a 11% increase compared to previous year.

Todd Scheub, Executive Vice President, Chief Banking Officer, received $299.4K in 2018, which increases by 9% compared to 2017.

Leane E. Cerven, General Counsel, earned $284K in 2018, a 10% increase compared to previous year.