FULT » Topics » Executive Compensation

This excerpt taken from the FULT DEF 14A filed Mar 27, 2006.

Executive Compensation

The following summary compensation table shows all compensation paid by Fulton Financial Corporation for services rendered during the past three fiscal years by the Chief Executive Officer and each of the most highly compensated named executive officers whose total annual salary and bonus exceeded $100,000 in 2005.

 

Annual Compensation

Long-term Compensation

Name and Principal Position

Year

Salary

Bonus

Restricted Stock Awards

Options

All Other Compensation*

Rufus A. Fulton, Jr. Retired, Chairman of the Board and Chief Executive Officer


2005

2004

2003

 $914,814.68

 $818,518.74

 $777,777.78

 

 $35,185.18

 $31,481.49

 $28,703.70

$271,500


     0**

65,000

36,000

 $137,222.25

 $122,777.81

 $116,666.60

R. Scott Smith, Jr.

Chairman, President and Chief Executive Officer

2005

2004

2003

 $568,148.10

 $495,926.08

 $466,851.78

 

 $21,851.85

 $19,074.08

 $17,222.22

0

62,500

55,000

30,000

 $85,222.20

 $74,388.91

 $70,027.02

Charles J. Nugent

Senior Executive Vice President and Chief Financial Officer

2005

2004

2003

 $418,888.86

 $390,000.00

 $376,111.11

 $16,111.11

 $15,000.00

 $13,888.89

0

53,750

48,000

26,000

 $62,833.35

 $58,500.00

 $56,416.67

Richard J. Ashby, Jr.

Senior Executive Vice President

2005

2004

2003

 $370,740.97***

 $346,666.85***

 $335,925.92***

 $14,259.27

 $13,333.33

 $12,407.41

0

45,000

40,000

22,000

 $55,611.15

 $52,000.03

 $50,388.89

* Amounts of defined contribution retirement plan benefits accrued under the Fulton Financial Corporation Profit Sharing Plan and under separate Deferred Compensation Agreements for the account of each named executive officer.  

** Mr. Fulton was granted 15,000 shares of restricted stock in lieu of stock options. On July 1, 2005, the shares of restricted stock were valued at $271,500.  As of December 30, 2005, they were valued at $264,000.  Mr. Fulton's restricted stock vested upon his retirement on January 1, 2006.

*** Includes amounts, the receipt of which has been deferred pursuant to the Fulton Financial Corporation Deferred Compensation Plan.

This excerpt taken from the FULT 10-K filed Mar 16, 2005.

Item 11. Executive Compensation

 

Incorporated by reference herein is the information appearing under the heading “Information Concerning Executive Officers” on pages 16 through 24 of the 2005 Proxy Statement and under the heading “Compensation of Directors” on page 24 of the 2005 Proxy Statement.

 

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