Peapack-Gladstone Financial CEO Douglas Kennedy's 2020 pay stays at $2.2M
Peapack-Gladstone Financial reports 2020 executive compensation
By ExecPay News
Published: March 18, 2021
Peapack-Gladstone Financial reported fiscal year 2020 executive compensation information on March 18, 2021.
In 2020, five executives at Peapack-Gladstone Financial received on average a compensation package of $1.3M, a 11% decrease compared to previous year.
Average pay of disclosed executives at Peapack-Gladstone Financial
Douglas L Kennedy, Chief Executive Officer, received $2.2M in total, which is about the same as previous year. 41% of Kennedy's compensation, or $910K, was in stock awards. Kennedy also received $365K in bonus, $695K in salary, as well as $244K in other compensation.
For fiscal year 2020, the median employee pay was $89,602 at Peapack-Gladstone Financial. Therefore, the ratio of Douglas L Kennedy's pay to the median employee pay was 25 to one.
John P. Babcock, Senior Executive Vice President of Peapack-Gladstone and President of Private Wealth Management, received a compensation package of $1.5M, which decreased by 5% compared to previous year. 43% of the compensation package, or $649K, was in stock awards.
Jeffrey J Carfora, Chief Financial Officer, earned $1.1M in 2020, a 3% increase compared to previous year.
Robert A. Plante, Chief Operating Officer, received $768K in 2020, which decreases by 5% compared to 2019.
Gregory M. Smith, Executive Vice President and President of Commercial Banking of Peapack-Gladstone and the Bank, earned $699K in 2020.
Related executives
Douglas Kennedy
Peapack-Gladstone Financial
Chief Executive Officer
Jeffrey Carfora
Peapack-Gladstone Financial
Chief Financial Officer
Robert Plante
Peapack-Gladstone Financial
Chief Operating Officer
John Babcock
Peapack-Gladstone Financial
Senior Executive Vice President of Peapack-Gladstone and President of Private Wealth Management
Gregory Smith
Peapack-Gladstone Financial
Executive Vice President and President of Commercial Banking of Peapack-Gladstone and the Bank
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Source: SEC filing on March 18, 2021.