Valley National Bancorp CEO Ira Robbins' 2020 pay jumps 23% to $4.9M
Valley National Bancorp reports 2020 executive compensation
By ExecPay News
Published: March 8, 2021
Valley National Bancorp reported fiscal year 2020 executive compensation information on March 8, 2021.
In 2020, six executives at Valley National Bancorp received on average a compensation package of $2.2M, a 14% increase compared to previous year.
Average pay of disclosed executives at Valley National Bancorp
Ira Robbins, Chief Executive Officer, received $4.9M in total, which increased by 23% compared to 2019. 47% of Robbins' compensation, or $2.3M, was in stock awards. Robbins also received $165K of change in pension value and nonqualified deferred compensation earnings, $1.2M in non-equity incentive plan, $1M in salary, as well as $278K in other compensation.
For fiscal year 2020, the median employee pay was $63,627 at Valley National Bancorp. Therefore, the ratio of Ira Robbins' pay to the median employee pay was 77 to one.
Thomas A. Iadanza, Senior EVP and Chief Banking Officer, received a compensation package of $2M, which increased by 4% compared to previous year. 45% of the compensation package, or $914K, was in stock awards.
Michael D. Hagedorn, Chief Financial Officer, earned $1.8M in 2020, a 15% increase compared to previous year.
Ronald H. Janis, General Counsel, received $1.6M in 2020, which increases by 5% compared to 2019.
Robert J. Bardusch, Chief Operating Officer, earned $1.5M in 2020, a 1% decrease compared to previous year.
Joseph V. Chillura, Senior EVP, Commercial Banking, received $1.4M in 2020, which increases by 18% compared to 2019.
Related executives
Ira Robbins
Valley National Bancorp
Chief Executive 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 8, 2021.