Riverview Bancorp CEO Kevin Lycklama's 2020 pay rises 15% to $719K
Riverview Bancorp reports 2020 executive compensation
By ExecPay News
Published: July 17, 2020
Riverview Bancorp reported fiscal year 2020 executive compensation information on July 17, 2020.
In 2020, five executives at Riverview Bancorp received on average a compensation package of $447K, a 11% increase compared to previous year.
Kevin J. Lycklama, Chief Executive Officer, received $719K in total, which increased by 15% compared to 2019. 48% of Lycklama's compensation, or $348K, was in salary. Lycklama also received $138K in non-equity incentive plan, $176K in stock awards, as well as $57K in other compensation.
For fiscal year 2020, the median employee pay was $55,034 at Riverview Bancorp. Therefore, the ratio of Kevin J. Lycklama's pay to the median employee pay was 13 to one.
Christopher P. Cline, Chief Executive Officer, received a compensation package of $466K, which increased by 30% compared to previous year. 61% of the compensation package, or $286K, was in salary.
Kim J. Capeloto, Executive Vice President and Chief Banking Officer, earned $407K in 2020, a 4% increase compared to previous year.
Daniel D. Cox, Executive Vice President and Chief Credit Officer, received $331K in 2020, which is about the same as previous year.
David Lam, Chief Financial Officer, earned $315K in 2020, a 5% increase compared to previous year.
Riverview Bancorp's fiscal year ends on March 31.
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