Robert G. Wilmers’ 2015 compensation fell 12.6 percent in 2015, affected by a change in pension value.
Wilmers, M&T Bank Corp.’s chairman and CEO, had total compensation was $3.7 million, counting salary, bonus, stock awards, pension value and other compensation. That was down from $4.2 million the year before. His salary of $950,000 and bonus of $425,000 were unchanged from the year before.
Pension value is a form of compensation that can shift dramatically from one year to the next, and doesn’t go into an executive’s pocket right away. Compensation data for Wilmers and other top officials at M&T were disclosed in a regulatory filing.
Mark J. Czarnecki, M&T’s president, saw his compensation fall 6 percent to $3.3 million. Rene F. Jones, chief financial officer, saw a 5.5 percent increase to $2.5 million, bolstered by a 12 percent salary increase and a 27 percent increase in his bonus.
Executive vice president Kevin J. Pearson’s compensation declined 1.6 percent to $2.5 million, while chief risk officer Richard Gold’s compensation rose 14 percent to $2.46 million.
Executive compensation data for 2015 for First Niagara Financial Group and KeyCorp are not yet available. First Niagara and Key are No. 2 and No. 3 in the Buffalo Niagara market, respectively, measured by deposit market share.