West Bancorp. CEO David Nelson's 2021 pay rises 6% to $1M
West Bancorp. reports 2021 executive compensation
By ExecPay News
Published: March 10, 2022
West Bancorp. reported fiscal year 2021 executive compensation information on March 10, 2022.
In 2021, five executives at West Bancorp. received on average a compensation package of $819K, a 4% increase compared to previous year.
Average pay of disclosed executives at West Bancorp.
David D. Nelson, Chief Executive Officer, received $1M in total, which increased by 6% compared to 2020. 47% of Nelson's compensation, or $485K, was in salary. Nelson also received $9.7K in bonus, $3.8K of change in pension value and nonqualified deferred compensation earnings, $243K in non-equity incentive plan, $257K in stock awards, as well as $29K in other compensation.
For fiscal year 2021, the median employee pay was $70,564 at West Bancorp.. Therefore, the ratio of David D. Nelson's pay to the median employee pay was 15 to one.
Douglas R. Gulling, Chief Financial Officer, received a compensation package of $788K, which increased by 8% compared to previous year. 42% of the compensation package, or $330K, was in salary.
Harlee N. Olafson, Executive Vice President and Chief Risk Officer of the Company and West Bank, earned $788K in 2021, a 8% increase compared to previous year.
Brad L. Winterbottom, Executive Vice President of the Company and President of West Bank, received $788K in 2021, which increases by 8% compared to 2020.
Bradley P. Peters, Executive Vice President of the Company and Executive Vice President and Minnesota Market President of West Bank, earned $704K in 2021.
Related executives
David Nelson
West Bancorp.
Chief Executive Officer
Douglas Gulling
West Bancorp.
Chief Financial Officer
Harlee Olafson
West Bancorp.
Executive Vice President and Chief Risk Officer of the Company and West Bank
Brad Winterbottom
West Bancorp.
Executive Vice President of the Company and President of West Bank
Bradley Peters
West Bancorp.
Executive Vice President of the Company and Executive Vice President and Minnesota Market President of West Bank
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Source: SEC filing on March 10, 2022.