Pnc Financial Services Group reports 2018 executive compensation
CEO William S. Demchak receives $15.7M
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 $8,558,677, a 14% increase compared to previous year.Average pay of disclosed executives at Pnc Financial Services Group
William S. Demchak, Chief Executive Officer, received $15,676,294 in total, which increased by 13% compared to 2017. 60.47% of Demchak's compensation, or $9,479,858, was in stock awards. Demchak also received $530,583 of change in pension value and nonqualified deferred compensation earnings, $4,400,000 in non-equity incentive plan, $1,100,000 in salary, as well as $165,853 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 $9,276,559, which increased by 11% compared to previous year. 61.44% of the compensation package, or $5,699,808, was in stock awards.
Michael P. Lyons, Executive Vice President, Head of Corporate & Institutional Banking and Asset Management Group, earned $8,645,741 in 2018, a 17% increase compared to previous year.
Robert Q. Reilly, Chief Financial Officer, received $4,907,419 in 2018, which increases by 8% compared to 2017.
Joseph E. Rockey, Executive Vice President, Chief Risk Officer, earned $4,287,374 in 2018.