Sandy Spring Bancorp CEO Daniel Schrider's 2021 pay rises 11% to $2.6M
Sandy Spring Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 6, 2022
Sandy Spring Bancorp reported fiscal year 2021 executive compensation information on April 6, 2022.
In 2021, five executives at Sandy Spring Bancorp received on average a compensation package of $1.5M, a 16% increase compared to previous year.
Average pay of disclosed executives at Sandy Spring Bancorp
Daniel J. Schrider, Chief Executive Officer, received $2.6M in total, which increased by 11% compared to 2020. 38% of Schrider's compensation, or $995K, was in non-equity incentive plan. Schrider also received $842K in salary, $743K in stock awards, as well as $66K in other compensation.
For fiscal year 2021, the median employee pay was $93,268 at Sandy Spring Bancorp. Therefore, the ratio of Daniel J. Schrider's pay to the median employee pay was 28 to one.
Joseph J. O'Brien, Jr, EVP, Chief Banking Officer, received a compensation package of $1.5M, which increased by 15% compared to previous year. 35% of the compensation package, or $514K, was in non-equity incentive plan.
Kenneth C. Cook, EVP, President of Commercial Banking, earned $1.2M in 2021.
Philip J. Mantua, Chief Financial Officer, received $1.1M in 2021, which increases by 9% compared to 2020.
R. Louis Caceres, EVP, Chief Wealth Officer, earned $1.1M in 2021, a 7% increase compared to previous year.
Related executives
Daniel Schrider
Sandy Spring Bancorp
Chief Executive Officer
Philip Mantua
Sandy Spring Bancorp
Chief Financial Officer
Joseph O'Brien
Sandy Spring Bancorp
EVP, Chief Banking Officer
Kenneth Cook
Sandy Spring Bancorp
EVP, President of Commercial Banking
R Caceres
Sandy Spring Bancorp
EVP, Chief Wealth Officer
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Source: SEC filing on April 6, 2022.