Sandy Spring Bancorp CEO Daniel Schrider's 2020 pay jumps 23% to $2.4M
Sandy Spring Bancorp reports 2020 executive compensation
By ExecPay News
Published: March 17, 2021
Sandy Spring Bancorp reported fiscal year 2020 executive compensation information on March 17, 2021.
In 2020, five executives at Sandy Spring Bancorp received on average a compensation package of $1.3M, a 23% increase compared to previous year.
Average pay of disclosed executives at Sandy Spring Bancorp
Daniel J. Schrider, Chief Executive Officer, received $2.4M in total, which increased by 23% compared to 2019. 34% of Schrider's compensation, or $805K, was in salary. Schrider also received $731K in bonus, $80K of change in pension value and nonqualified deferred compensation earnings, $14K in non-equity incentive plan, $684K in stock awards, as well as $63K in other compensation.
For fiscal year 2020, the median employee pay was $76,814 at Sandy Spring Bancorp. Therefore, the ratio of Daniel J. Schrider's pay to the median employee pay was 31 to one.
Joseph J. O'Brien, Jr, EVP, Chief Banking Officer, received a compensation package of $1.3M, which increased by 27% compared to previous year. 38% of the compensation package, or $488K, was in salary.
Philip J. Mantua, Chief Financial Officer, earned $1M in 2020, a 14% increase compared to previous year.
R. Louis Caceres, EVP, Wealth Mgmt, Mortgage, Insurance, received $1M in 2020, which increases by 12% compared to 2019.
Kevin Slane, EVP, Chief Risk Officer, earned $755K in 2020, a 6% increase compared to previous year.
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Source: SEC filing on March 17, 2021.