Valley National Bancorp CEO Ira Robbins' 2019 pay jumps 25% to $4M
Valley National Bancorp reports 2019 executive compensation
By ExecPay News
Published: March 19, 2020
Valley National Bancorp reported fiscal year 2019 executive compensation information on March 19, 2020.
In 2019, seven executives at Valley National Bancorp received on average a compensation package of $1.9M, a 4% increase compared to previous year.
Average pay of disclosed executives at Valley National Bancorp
Ira Robbins, Chief Executive Officer, received $4M in total, which increased by 25% compared to 2018. 42% of Robbins' compensation, or $1.7M, was in stock awards. Robbins also received $176K of change in pension value and nonqualified deferred compensation earnings, $1M in non-equity incentive plan, $900K in salary, as well as $221K in other compensation.
For fiscal year 2019, the median employee pay was $56,449 at Valley National Bancorp. Therefore, the ratio of Ira Robbins' pay to the median employee pay was 70 to one.
Thomas A. Iadanza, Senior EVP and Chief Banking Officer, received a compensation package of $2M, which increased by 9% compared to previous year. 47% of the compensation package, or $931K, was in stock awards.
Alan D. Eskow, Chief Financial Officer, earned $1.9M in 2019, a 12% increase compared to previous year.
Michael D. Hagedorn, Chief Financial Officer, received $1.6M in 2019.
Ronald H. Janis, General Counsel, earned $1.5M in 2019, a 2% increase compared to previous year.
Robert J. Bardusch, Chief Operating Officer, received $1.5M in 2019, which increases by 28% compared to 2018.
Joseph V. Chillura, Senior EVP, Commercial Banking, earned $1.2M in 2019.
Related executives
Ira Robbins
Valley National Bancorp
Chief Executive Officer
Alan Eskow
Valley National Bancorp
Chief Financial Officer
Michael Hagedorn
Valley National Bancorp
Chief Financial Officer
Thomas Iadanza
Valley National Bancorp
President and Chief Banking Officer
Ronald Janis
Valley National Bancorp
General Counsel
Robert Bardusch
Valley National Bancorp
Chief Operating Officer
Joseph Chillura
Valley National Bancorp
Senior EVP, Commercial Banking
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Source: SEC filing on March 19, 2020.