Saturday, March 7, 2020

Detroit, Michigan-Based Bank Chemical Financial Corp's Top-Tier Executives Average Pay and Benefits Raise Was a Blistering 39.7% Per Year During the Past 5 Years

From Company Proxy Statement filings with the SEC, below are Chemical Financial Corp's Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for the most recent five years.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
  Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
Chemical Financial 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Provost CEO of Chemical       3,534       1,933  N/A   N/A 
Klaeser CFO       2,357       2,031  N/A   N/A 
Torgow Executive Chair       3,507       1,904  N/A   N/A 
Shafer CEO of Chemical Bank       2,926       2,045  N/A   N/A 
Ryan  N/A   N/A 
Rathbun EVP Retail       1,250       1,104  N/A   N/A 
Ramaker Former CEO Chemical Financial       4,835       4,316       4,316       2,125       2,125       2,351       2,351       1,686
Gwizdala CFO       2,312          793          793       1,111       1,111          675
Kohn CEO Insite Capital       1,100          767          767          959          959          731
Tomczyk EVP Senior Credit Officer          653          646          646          573
Johnson EVP Director of Bank Operations          591          525
 Totals      12,324       7,913       6,085       5,420       7,728       3,685       4,338       5,067       5,658       4,190
Annual % Change vs Prior Year 55.7% 12.3% 109.7% -14.4% 35.0%
 5 Year Average Per Year % Change 39.7%