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 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.
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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:
Meet the top-paid CEOs in St. Louis
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)
Read more about John Kemper's transition to CEO.
(Slide edited to correct decrease from last year's pay.)
19. Aegion Corporation
18. Esco Technologies Inc.
17. Spire
16. Commerce Bancshares (David Kemper)
15. Perficient
13. Edgewell Personal Care Co.
Edgewell Personal Care Co. is on the Fortune 1,000. It now has a new CEO and has shifted its headquarters to Connecticut.
12. Belden
Belden is on the Fortune 1,000. Read more about John Stroup's pay.
11. Olin
Olin is on the Fortune 500.ÌýRead more details about John Fischer's pay.
10. Reinsurance Group
Reinsurance Group is on the Fortune 500 list. Read more about Anna Manning's pay.
9. Energizer
8. Peabody Energy
Peabody is on the Fortune 500.ÌýRead more details about Glenn Kellow's pay.
7. Caleres
Caleres is on the Fortune 1,000. Read more about Diane Sullivan's pay.
6. Ameren
Ameren is on the Fortune 500 list. Read more details about Warner Baxter's pay.
(Slide edited to correct ratio of CEO pay to median pay.)
5. Arch Coal
Arch Coal is on the Fortune 1,000.ÌýRead more about John Eaves' pay.
4. Post Holdings
3. Mallinckrodt
Mark Trudeau, Mallinckrodt's CEO, has moved out of state in a restructuring of the company. Read more details about Trudeau's pay.
2. Emerson
Emerson is on the Fortune 500 list. Read more details about David Farr's pay.
1. Centene
Centene is on the Fortune 500 list. Read more details about Michael Neidroff's pay.
