Pnc Financial Services Group CEO William Demchak's 2018 pay rises 13% to $15.7M
Pnc Financial Services Group reports 2018 executive compensation
Published: March 12, 2019
Pnc Financial Services Group reported fiscal year 2018 executive compensation information on March 12, 2019.
In 2018, five executives at Pnc Financial Services Group received on average a compensation package of $8.6M, a 14% increase compared to previous year.Average pay of disclosed executives at Pnc Financial Services Group
William S. Demchak, Chief Executive Officer, received $15.7M in total, which increased by 13% compared to 2017. 60.47% of Demchak's compensation, or $9.5M, was in stock awards. Demchak also received $530.6K of change in pension value and nonqualified deferred compensation earnings, $4.4M in non-equity incentive plan, $1.1M in salary, as well as $165.9K in other compensation.
For fiscal year 2018, the median employee pay was $67,648 at Pnc Financial Services Group. Therefore, the ratio of William S. Demchak's pay to the median employee pay was 232 to one.
E William Parsley, III, Chief Operating Officer, received a compensation package of $9.3M, which increased by 11% compared to previous year. 61.44% of the compensation package, or $5.7M, was in stock awards.
Michael P. Lyons, Executive Vice President, Head of Corporate & Institutional Banking and Asset Management Group, earned $8.6M in 2018, a 17% increase compared to previous year.
Robert Q. Reilly, Chief Financial Officer, received $4.9M in 2018, which increases by 8% compared to 2017.
Joseph E. Rockey, Executive Vice President, Chief Risk Officer, earned $4.3M in 2018.