Umpqua Holdings CEO Cort O'Haver's 2020 pay rises 20% to $4.3M
Umpqua Holdings reports 2020 executive compensation
By ExecPay News
Published: March 5, 2021
Umpqua Holdings reported fiscal year 2020 executive compensation information on March 5, 2021.
In 2020, six executives at Umpqua Holdings received on average a compensation package of $1.9M, a 1% increase compared to previous year.
Average pay of disclosed executives at Umpqua Holdings
Cort O'Haver, Chief Executive Officer, received $4.3M in total, which increased by 20% compared to 2019. 48% of O'Haver's compensation, or $2.1M, was in stock awards. O'Haver also received $1.2M in non-equity incentive plan, $1M in salary, as well as $19K in other compensation.
For fiscal year 2020, the median employee pay was $67,587 at Umpqua Holdings. Therefore, the ratio of Cort O'Haver's pay to the median employee pay was 64 to one.
Tory Nixon, Sr EVP/Chief Banking Officer, received a compensation package of $1.9M, which increased by 18% compared to previous year. 41% of the compensation package, or $799K, was in stock awards.
Ron Farnsworth, Chief Financial Officer, earned $1.6M in 2020, a 13% increase compared to previous year.
David Shotwell, EVP/Chief Risk Officer, received $1.2M in 2020, which decreases by 2% compared to 2019.
Andrew Ognall, General Counsel, earned $1.2M in 2020.
Rilla Delorier, Former EVP/Chief Strategy Officer, received $1.1M in 2020, which decreases by 23% compared to 2019.
Related executives
Cort O'Haver
Umpqua Holdings
Chief Executive Officer
Ron Farnsworth
Umpqua Holdings
Chief Financial Officer
Tory Nixon
Umpqua Holdings
Sr EVP/Chief Banking Officer
Andrew Ognall
Umpqua Holdings
General Counsel
David Shotwell
Umpqua Holdings
EVP/Chief Risk Officer
Rilla Delorier
Umpqua Holdings
Former EVP/Chief Strategy Officer
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Source: SEC filing on March 5, 2021.