Trustmark CEO Gerard Host's 2020 pay rises 17% to $3.6M
Trustmark reports 2020 executive compensation
By ExecPay News
Published: March 15, 2021
Trustmark reported fiscal year 2020 executive compensation information on March 15, 2021.
In 2020, five Trustmark executives received on average a compensation package of $1.7M, a 14% increase compared to previous year.
Average pay of disclosed executives at Trustmark
Gerard R. Host, Chief Executive Officer, received $3.6M in total, which increased by 17% compared to 2019. 34% of Host's compensation, or $1.2M, was in non-equity incentive plan. Host also received $638K of change in pension value and nonqualified deferred compensation earnings, $803K in salary, $791K in stock awards, as well as $153K in other compensation.
For fiscal year 2020, the median employee pay was $60,154 at Trustmark. Therefore, the ratio of Gerard R. Host's pay to the median employee pay was 60 to one.
Duane A. Dewey, Chief Operating Officer, received a compensation package of $1.6M, which increased by 26% compared to previous year. 33% of the compensation package, or $551K, was in non-equity incentive plan.
Breck W. Tyler, President-Mortgage Services, Trustmark National Bank, earned $1.2M in 2020, a 12% increase compared to previous year.
Robert B. Harvey, Executive Vice President and Chief Credit Officer, Trustmark National Bank, received $1.2M in 2020.
Louis E. Greer, Chief Financial Officer, earned $1M in 2020, a 4% decrease compared to previous year.
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Source: SEC filing on March 15, 2021.