Valley National Bancorp reports 2018 executive compensation

CEO Ira Robbins receives $3.2M

Valley National Bancorp reported fiscal year 2018 executive compensation information on March 8, 2019.

In 2018, five executives at Valley National Bancorp received on average a compensation package of $1,864,963, a 6% decrease compared to previous year.

Average pay of disclosed executives at Valley National Bancorp

Ira Robbins, Chief Executive Officer, received $3,184,919 in total, which increased by 19% compared to 2017. 46.11% of Robbins' compensation, or $1,468,505, was in stock awards. Robbins also received $660,000 in non-equity incentive plan, $850,000 in salary, as well as $206,414 in other compensation.

For fiscal year 2018, the median employee pay was $52,936 at Valley National Bancorp. Therefore, the ratio of Ira Robbins' pay to the median employee pay was 60 to one.

Thomas A. Iadanza, Senior EVP and Chief Banking Officer, received a compensation package of $1,814,449. 43.16% of the compensation package, or $783,198, was in stock awards.

Alan D. Eskow, Chief Financial Officer, earned $1,646,516 in 2018, a 2% decrease compared to previous year.

Ronald H. Janis, General Counsel, received $1,496,312 in 2018, which decreases by 6% compared to 2017.

Robert J. Bardusch, Chief Operating Officer, earned $1,182,617 in 2018.