Republic Bancorp reports 2018 executive compensation

President of RPG William R. Nelson receives $1.1M

Republic Bancorp reported fiscal year 2018 executive compensation information on March 15, 2019.

In 2018, five executives at Republic Bancorp received on average a compensation package of $677,268, a 39% increase compared to previous year.

Average pay of disclosed executives at Republic Bancorp

William R. Nelson, President of RPG, received $1,088,734 in total, which increased by 118% compared to 2017. 52.80% of Nelson's compensation, or $574,900, was in stock awards. Nelson also received $200,000 in non-equity incentive plan, $292,013 in salary, as well as $21,821 in other compensation.

Kevin D. Sipes, Chief Financial Officer, received a compensation package of $613,573, which increased by 40% compared to previous year. 54.39% of the compensation package, or $333,731, was in salary.

Steven E. Trager, Chief Executive Officer, earned $607,332 in 2018, a 11% increase compared to previous year.

A. Scott Trager, Chairman, received $576,971 in 2018, which increases by 5% compared to 2017.

John T. Rippy, EVP, CRO, earned $499,732 in 2018.