WASHINGTON Union Planters Corp. of Memphis last year paid its former chairman and chief executive officer, Benjamin W. Rawlins Jr., $24.8 million, according to a filing on Monday with the Securities and Exchange Commission.
The company said Mr. Rawlins, who died last September, got a base salary of $545,0000, $12 million under its supplemental retirement plan, and $5.4 million of cash payments to cover gross-up bonuses for taxes on vesting restricted shares under the companys long-term compensation plan. He also got a $2.7 million restricted stock award, and $4.1 million was paid to his estate, according to the filing.
Mr. Rawlins died in September.
Jackson W. Moore, Union Planters current chairman and CEO, got $3.1 million of compensation last year, including a $1.9 million restricted stock award, a $400,000 bonus, and his base salary of $572,000.