Michael J. Blodnick, born in 1958, has a solid background in finance, capped by a Bachelor's degree in Business Administration. He was the President and CEO of Glacier Bancorp Inc. from 1998 until 2016, marking more than 18 years at...

Current Market Cap

$6.33B

Number of Employees

3.44K

Total Compensation

2012 - 2016

Trending up by 6.31% last year
Showing total compensation for the last 2012 - 2016

Stock

Down by -14.09% last year

Salary

Up by 13.08% last year

Bonus

Up by 6.90% last year

Other

Up by 23.13% last year

Year

2016

Total Compensation

$1.70M

Salary

$710.14K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate highly qualified executives while aligning their interests with those of shareholders through performance-based compensation.

Bonus

$494.12K

Board Justification

The total bonus earned by Mr. Blodnick was $541,127 based on 2016 results. The bonus amount is payable 50% in 2017, 25% in 2018, and 25% in 2019. The deferred portions of the cash bonus are payable only upon the satisfaction of certain requirements as described in the section entitled 'Compensation Discussion & Analysis - Annual Incentive Bonus.'

Other

$193.61K

Board Justification

Includes contributions to the 401(k) matching program and the Profit Sharing Plan.

Restricted Stock

$302.23K(12.93K restricted stock)

Board Justification

Represents the fair market value and vesting of shares in February 2016 as follows: 4,591 shares of restricted stock granted in 2013, 3,649 shares of restricted stock granted in 2014, and 4,687 shares of restricted stock granted in 2015.

Performance Metrics

The performance metrics include return on tangible equity, non-performing assets to total subsidiary assets, net DDA growth, efficiency ratio, and net interest margin.

SEC Filing

From March 15, 2017

Michael J. Blodnick

Ex-CEO of Glacier Bancorp

MJ

Education

Bachelor's degree in Business Administration

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1958 - 66 years ago

Is Founder?

No

Tenure

18 years 11 months (Jan 1998 - Dec 2016)

Previous Experience

Director of Glacier Bank