Sundar PichaiSundar Pichai earned $164M in 2023
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David D. Nelson

CEO of West Bancorporation

Field of Expertise

Finance & Banking - Banking

Economy Sector

Financial Services

Current Tenure

14 years 10 months (Apr 2010 - Present)

Previous Experience

President, Southeast Minnesota Business Banking for Wells Fargo Bank Minnesota, N.A.

David D. Nelson is the CEO of West Bancorporation and has been in this role since April 2010. He previously worked as President of Southeast Minnesota Business Banking at Wells Fargo. With over 35 years of experience in commercial banking,...

Year

2010

Total Compensation

$378.83K

Salary

$203.08K

Board Justification

The compensation program is designed to attract, motivate, and retain outstanding employees while aligning their interests with those of shareholders.

Bonus

$125.00K

Board Justification

No bonuses were paid for 2009 and 2010 due to participation in the Capital Purchase Program (CPP), which precluded payments of cash incentives to top officers. Discretionary bonuses were paid to named executive officers for 2011.

Other

$50.75K

Board Justification

Other compensation consists of contributions made by the Company on behalf of the Named Executive Officer to the Company's Employee Savings and Stock Ownership Plan, including 401(k) matches and discretionary contributions.

Restricted Stock

$0.00(0 N/A)

Board Justification

No equity awards were made in 2010 under the Restricted Stock Compensation Plan due to CPP limitations.

Performance Metrics

The performance metrics for determining compensation in 2010 were influenced by the company's participation in the CPP, which limited cash bonuses.