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Claude E. Davis, born in 1961, is the steady force behind First Financial Bancorp, holding the position of CEO since 2004. His background in finance is extensive, having previously worked as the Senior Vice President at Irwin Financial Corporation. Claude’s...

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Claude E. Davis

Ex-CEO of First Financial Bancorp

Education

Bachelor's degree in Business Administration from Indiana University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1960 - 65 years ago

CEO of First Financial Bancorp for

13 years 6 months (Oct 2004 - Apr 2018)

Previous Experience

Senior Vice President at Irwin Financial Corporation and Chairman of Irwin Union Bank and Trust

Holdings

See how much did Claude E. Davis make over time.

Claude E. Davis has a significant stake in First Financial Bancorp, with his stock holdings showing both growth and periods of prominence in value. For instance, in recent years, he had over 100,000 shares valued at approximately $3 million, demonstrating...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Claude E. Davis make over time.

Claude E. Davis' compensation reflects his pivotal role at First Financial Bancorp. In 2016 alone, he earned around $2.4 million. This package included a base salary of about $750,000, with additional stock awards boosting his total compensation significantly. Notably, his agreements include provisions that ensure bonuses are tied to company performance, which keeps the focus on sustainable growth. The compensation structure is designed not just as a reward, but as an incentive to keep the company aligned with shareholder interests. Davis emphasizes long-term value, pushing for excellence in corporate governance and financial health.

Year

2016

Total Compensation

$1.81M

Salary

$750.89K

Board Justification

The compensation philosophy aims to align executive pay with company performance, market competitiveness, and retention strategies, with a focus on long-term value creation for shareholders.

Bonus

$0.00

Board Justification

No cash bonus was awarded in 2016.

Other

$119.39K

Board Justification

Includes various benefits such as health savings accounts, long-term disability gross-up, and company paid benefits.

Restricted Stock

$938.77K(0 N/A)

Board Justification

No stock grants were vested in 2016.

Performance Metrics

Performance metrics include return on assets relative to peers and net income goal attainment.

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