The charts on this page feature a breakdown of the total annual pay for the top executives at NORTHRIM BANCORP INC as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. NORTHRIM BANCORP INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. NORTHRIM BANCORP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Joseph M. Schierhorn
President, Chief Executive Officer, and Chief Operating Officer of the Company and President and Chief Executive Officer of the Bank
Total Cash $583,993 Equity $79,123 Other $138,192 Total Compensation $801,308
Michael A. Martin
Executive Vice President, General Counsel and Corporate Secretary of the Company and Executive Vice President, Chief Operating Officer, General Counsel and Corporate Secretary of the Bank
Total Cash $406,704 Equity $94,413 Other $39,039 Total Compensation $540,156
Benjamin D. Craig
Executive Vice President, Chief Information Officer of the Bank
Total Cash $324,848 Equity $42,099 Other $48,385 Total Compensation $415,332
Michael G. Huston
Executive Vice President, Chief Lending Officer of the Bank
Total Cash $353,330 Equity $49,107 Other $40,390 Total Compensation $442,827
Jed W. Ballard
Executive Vice President, Chief Financial Officer of the Company and the Bank
Total Cash $321,817 Equity $52,314 Other $31,000 Total Compensation $405,131
For its 2019 fiscal year, NORTHRIM BANCORP INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Joseph M. Schierhorn CEO Pay $811,275 Median Employee Pay $64,640 CEO Pay Ratio 13:1
For its 2019 fiscal year, NORTHRIM BANCORP INC, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Aaron M. Schutt Total Cash $68,600
Anthony Drabek Total Cash $48,500
David G. Wight Total Cash $59,900
David J. McCambridge Total Cash $65,900
David W. Karp Total Cash $51,900
John C. Swalling Total Cash $63,750
Karl L. Hanneman Total Cash $51,900
Krystal M. Nelson Total Cash $53,000
Larry S. Cash Total Cash $48,500
Linda C. Thomas Total Cash $58,900

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.