Firstar Corp. chief executive Jerry Grundhofer's total compensation was $12.6 million last year, while chairman Roger Fitzsimonds made $18 million.
The figures were in the company's proxy statement, filed Wednesday.
Mr. Grundhofer, the former chairman of Star Banc Corp., Cincinnati, earned a base salary of $800,000 and collected a $1 million bonus. He had options granted at a value of $10.84 million.
Star Banc acquired Firstar and took its name last year. Mr. Fitzsimonds, who just two years ago had his bonus cut for his company's poor performance, was the chief executive and chairman of the former Firstar.
Mr. Fitzsimonds earned a base salary of $701,800 and collected a bonus of $360,300. He had stock awards of $9.3 million and long-term incentives and options of about just under $1 million. He had stock options granted with a value of about $6.3 million.
John A. Becker, the former president of the old Firstar, had total compensation of about $9.6 million, including a stock award of $4.65 million and options of $2.85 million.
Richard K. Davis, vice chairman, and David M. Moffett, chief financial officer and vice chairman, each had total compensation of $3.2 million, earning $325,000 in base salary, a $331,500 bonus and other compensation. Each was granted options for 90,000 shares, valued at $2.58 million.