John Kemper, chief executive of Commerce Bancshares since August 2018, earned $3.7 million in his first full year in the top job.
Commerce disclosed executives' pay details for 2019 in a proxy statement filed last week. Kemper's compensation included $919,632 in salary, a $749,100 bonus, stock worth $1.5 million and options valued at $399,979.
The bonus was paid at 81% of target value as Commerce fell short of earnings and revenue goals.
Kemper earned 63 times as much as the median Commerce employee. The company calculated median pay of $58,414 for its 4,755 full-time, part-time and seasonal workers.
John Kemper succeeded his father, David Kemper, as CEO in 2018. David Kemper earned $2.15 million last year as the banking company's chairman.
Commerce's earnings per share grew 2% last year and its share price rose 21%.
Here's what other St. Louis CEOs earned in 2018:
29. Allied Healthcare Products Inc.
28. Peak Resorts
27. Reliv International
26. Avadel Pharmaceuticals
25. Enterprise Financial Services Corp.
24. Huttig Building Products, Inc.
23. Foresight Energy
22. Cass Information Systems
21. Build-A-Bear Workshop
20. Commerce Bancshares (John W. Kemper)
19. Aegion Corporation
18. Esco Technologies Inc.
16. Commerce Bancshares (David Kemper)
13. Edgewell Personal Care Co.
10. Reinsurance Group
8. Peabody Energy
5. Arch Coal
4. Post Holdings
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