In 2018, Joseph J. MarcAurele earned $1.54M in total compensation at Washington Trust Bancorp, including $167.62K salary and $1.35M in stock. Led Washington Trust Bancorp as CEO for 5 years.
Compensation History
Annual executive compensation data for Joseph J. MarcAurele, including salary, bonuses, and stock awards.
Year
2018
Total Compensation
$1.54M
Salary
$167.62K
Bonus
$0.00
Other
$19.85K
Salary
$167.62KBoard Justification
The compensation philosophy is designed to attract, motivate, and retain executives by offering a combination of base salary, annual incentives, and long-term performance-based equity compensation that aligns with shareholder interests.
Bonus
$0.00Board Justification
Mr. MarcAurele received a pro-rata 150.0% award under the individual performance component due to his strong leadership of the Corporation prior to his retirement.
Other Compensation
$19.85KBoard Justification
This includes life and disability insurance premiums and other benefits provided to Mr. MarcAurele during his tenure as CEO.
Restricted Stock
Board Justification
The stock awards that vested in 2018 were performance share units that became earned based on the Corporation’s performance during the measurement period prior to his retirement.
Performance Metrics
The performance metrics for determining the compensation included net income, fully diluted earnings per share (EPS), and return on equity (ROE), with each metric receiving equal weighting.
Joseph J. MarcAurele
Ex-CEO of Washington Trust Bancorp
Education
Bachelor's degree from the University of Rhode Island.
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
September 24, 1951 - 74 years ago
CEO of Washington Trust Bancorp for
5 years 11 months (Mar 2012 - Mar 2018)
Previous Experience
Various positions at Washington Trust and Citizens Financial Group.
Other Washington Trust Bancorp CEOs
Holdings
Track Joseph J. MarcAurele's stock holdings and portfolio value over time.
Insider Trading
Joseph J. MarcAurele's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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