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First Defiance Financial CEO Gary Small's 2021 pay jumps 89% to $1.8M

First Defiance Financial reports 2021 executive compensation

By ExecPay News

Published: March 10, 2022

First Defiance Financial reported fiscal year 2021 executive compensation information on March 10, 2022.
In 2021, seven executives at First Defiance Financial received on average a compensation package of $839K, a 31% decrease compared to previous year.
Average pay of disclosed executives at First Defiance Financial
Gary M. Small, Chief Executive Officer, received $1.8M in total, which increased by 89% compared to 2020. 51% of Small's compensation, or $950K, was in stock awards. Small also received $291K in non-equity incentive plan, $549K in salary, as well as $55K in other compensation.
Vince J. Liuzzi, Former Executive Vice President and Chief Banking Officer, received a compensation package of $1.3M, which increased by 115% compared to previous year. 58% of the compensation package, or $765K, was in other compensation.
Varun Chandhok, Executive Vice President and Chief Information and Operations Officer, earned $698K in 2021.
Matthew T. Garrity, Executive Vice President and Chief Lending Officer, received $575K in 2021, which increases by 2% compared to 2020.
Paul D. Nungester, Chief Financial Officer, earned $541K in 2021, a 2% decrease compared to previous year.
Donald P. Hileman, Chief Executive Officer, received $482K in 2021, which decreases by 86% compared to 2020.
Jason L. Gendics, Executive Vice President, Director of Retail and Business Banking, earned $403K in 2021.

Related executives

Donald Hileman

First Defiance Financial

Chief Executive Officer

11

Gary Small

First Defiance Financial

Chief Executive Officer

2

Paul Nungester

First Defiance Financial

Chief Financial Officer

3

Matthew Garrity

First Defiance Financial

Executive Vice President and Chief Lending Officer

2

Varun Chandhok

First Defiance Financial

Executive Vice President and Chief Information and Operations Officer

1

Jason Gendics

First Defiance Financial

Executive Vice President, Director of Retail and Business Banking

1

Vince Liuzzi

First Defiance Financial

Former Executive Vice President and Chief Banking Officer

2

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Source: SEC filing on March 10, 2022.