U.S. Bancorp CEO Andrew Cecere's 2021 pay rises 14% to $19M
U.S. Bancorp reports 2021 executive compensation
By ExecPay News
Published: March 8, 2022
U.S. Bancorp reported fiscal year 2021 executive compensation information on March 8, 2022.
In 2021, five executives at U.S. Bancorp received on average a compensation package of $8.5M, a 29% increase compared to previous year.
Average pay of disclosed executives at U.S. Bancorp
Andrew Cecere, Chief Executive Officer, received $19M in total, which increased by 14% compared to 2020. 51% of Cecere's compensation, or $9.8M, was in stock awards. Cecere also received $3.6M of change in pension value and nonqualified deferred compensation earnings, $4.5M in non-equity incentive plan, $1.2M in salary, as well as $49K in other compensation.
Terrance R. Dolan, Chief Financial Officer, received a compensation package of $7.2M, which increased by 9% compared to previous year. 56% of the compensation package, or $4M, was in stock awards.
Gunjan Kedia, Vice Chair, Wealth Management and Investment Services, earned $5.4M in 2021, a 36% increase compared to previous year.
Shailesh M. Kotwal, Vice Chair, Payment Services, received $5.4M in 2021, which increases by 44% compared to 2020.
Jeffry H. von Gillern, Vice Chair, Technology and Operations Services, earned $5.3M in 2021, a 20% increase compared to previous year.
Related executives
Andrew Cecere
U.S. Bancorp
Chief Executive Officer
Terrance Dolan
U.S. Bancorp
Chief Financial Officer
Jeffry von Gillern
U.S. Bancorp
Vice Chair, Technology and Operations Services
Shailesh Kotwal
U.S. Bancorp
Vice Chair, Payment Services
Gunjan Kedia
U.S. Bancorp
Vice Chair, Wealth Management and Investment Services
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Source: SEC filing on March 8, 2022.