Washington Trust Bancorp CEO Edward Handy's 2019 pay slips 9% to $1.6M
Washington Trust Bancorp reports 2019 executive compensation
By ExecPay News
Published: March 17, 2020
Washington Trust Bancorp reported fiscal year 2019 executive compensation information on March 17, 2020.
In 2019, five executives at Washington Trust Bancorp received on average a compensation package of $972K, a 40% increase compared to previous year.
Average pay of disclosed executives at Washington Trust Bancorp
Edward O. Handy III, Chief Executive Officer, received $1.6M in total, which decreased by 9% compared to 2018. 39% of Handy's compensation, or $600K, was in salary. Handy also received $320K in non-equity incentive plan, $533K in stock awards, as well as $99K in other compensation.
For fiscal year 2019, the median employee pay was $61,648 at Washington Trust Bancorp. Therefore, the ratio of Edward O. Handy III's pay to the median employee pay was 25 to one.
Mark K.W. Gim, Chief Operating Officer, received a compensation package of $1.4M, which increased by 44% compared to previous year. 44% of the compensation package, or $630K, was of change in pension value and nonqualified deferred compensation earnings.
Ronald S. Ohsberg, Chief Financial Officer, earned $637K in 2019, a 5% increase compared to previous year.
Kathleen A. Ryan, Executive Vice President and Chief Wealth Management Officer of the Bank, received $636K in 2019, which increases by 2% compared to 2018.
James M. Hagerty, Executive Vice President and Chief Lending Officer of the Bank, earned $610K in 2019, a 4% increase compared to previous year.
Related executives
Edward Handy
Washington Trust Bancorp
Chief Executive Officer
Mark Gim
Washington Trust Bancorp
Chief Operating Officer
Ronald Ohsberg
Washington Trust Bancorp
Chief Financial Officer
Kathleen Ryan
Washington Trust Bancorp
Executive Vice President and Chief Wealth Management Officer of the Bank
James Hagerty
Washington Trust Bancorp
Executive Vice President and Chief Lending Officer of the Bank
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Source: SEC filing on March 17, 2020.