Sundar PichaiSundar Pichai earned $164M in 2023
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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

Born

September 24, 1951 - 73 years ago

Economy Sector

Financial Services

Tenure

5 years 11 months (Mar 2012 - Mar 2018)

Previous Experience

Various positions at Washington Trust and Citizens Financial Group.

Joseph J. MarcAurele has a solid background in finance, holding a Bachelor's degree from the University of Rhode Island. He served as the CEO and Chairman at Washington Trust Bancorp from 2010 until his retirement in 2018. MarcAurele led the...

Year

2018

Total Compensation

$1.54M

Salary

$167.62K

Board 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

$0.00

Board 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

$19.85K

Board Justification

This includes life and disability insurance premiums and other benefits provided to Mr. MarcAurele during his tenure as CEO.

Restricted Stock

$1.35M(23.58K RSU)

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.