Valley National Bancorp CEO Ira Robbins' 2021 pay rises 10% to $5.3M
Valley National Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 4, 2022
Valley National Bancorp reported fiscal year 2021 executive compensation information on April 4, 2022.
In 2021, five executives at Valley National Bancorp received on average a compensation package of $2.5M, a 13% increase compared to previous year.
Average pay of disclosed executives at Valley National Bancorp
Ira Robbins, Chief Executive Officer, received $5.3M in total, which increased by 10% compared to 2020. 49% of Robbins' compensation, or $2.6M, was in stock awards. Robbins also received $1.4M in non-equity incentive plan, $1M in salary, as well as $336K in other compensation.
For fiscal year 2021, the median employee pay was $66,703 at Valley National Bancorp. Therefore, the ratio of Ira Robbins' pay to the median employee pay was 80 to one.
Thomas A. Iadanza, President and Chief Banking Officer, received a compensation package of $2.1M, which increased by 4% compared to previous year. 43% of the compensation package, or $916K, was in stock awards.
Michael D. Hagedorn, Chief Financial Officer, earned $1.9M in 2021, a 2% increase compared to previous year.
Ronald H. Janis, General Counsel, received $1.7M in 2021, which increases by 7% compared to 2020.
Joseph V. Chillura, Senior EVP, Commercial Banking, earned $1.5M in 2021, a 2% increase compared to previous year.
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
Joseph Chillura
Valley National Bancorp
Senior EVP, Commercial Banking
You may also like
Source: SEC filing on April 4, 2022.