Sundar PichaiSundar Pichai earned $164M in 2023
1

Christopher J. Murphy III

CEO of 1st Source Corporation

Field of Expertise

Finance & Banking - Finance

Economy Sector

Financial Services

Current Tenure

4 years 7 months (Jul 2020 - Present)

Previous Experience

Chairman of the Board and Chief Executive Officer of 1st Source Corporation and 1st Source Bank

Christopher J. Murphy III is the CEO and Chairman of 1st Source Corporation, a role he's held since 1972. With almost 50 years in banking and business, Murphy brings experience that few can match. He has deep knowledge of the...

Year

2022

Total Compensation

$1.26M

Salary

$810.00K

Board Justification

The compensation philosophy focuses on aligning executive compensation with long-term performance and shareholder interests, emphasizing pay-for-performance principles and competitive compensation opportunities.

Bonus

$289.20K

Board Justification

Annual cash awards based on performance metrics including net income, return on assets, and other corporate financial performance goals for 2022.

Other

$157.59K

Board Justification

Includes company contributions to retirement plans, dividends on stock awards, directors' fees, perquisites, and value of life insurance benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2022; stock awards for 2022 performance will be reported in the next year's proxy statement.

Performance Metrics

Key performance metrics include net income, return on assets, and expense to revenue ratio.