BOK FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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Dec 31, 2024 · Filed Mar 20, 2025
Contents
Summary Compensation Table
The following table provides summary information concerning the compensation of the named executive officers for the past three fiscal years.
| Executive Name andPrincipal Position · Year · Salary · Bonus(1) · StockAwards(2) · Option Award · Non-Equity Incentive Plan Compensation(3) · Change in Pension Value &Nonqualified Deferred Compensation Earnings(4) · All Other Compensation(5) · Total | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (a) · (b) · (c) · (d) · (e) · (f) · (g) · (h) · (i) · (j) | ||||||||||||||||
| Stacy C. Kymes President & Chief Executive Officer | 2024 | $1,062,333 | $— | $2,675,024 | $— | $2,284,664 | $— | $53,769 | $6,075,790 | |||||||
| 2023 | $1,016,667 | $— | $2,406,351 | $— | $1,130,496 | $— | $53,187 | $4,606,700 | ||||||||
| 2022 | $980,000 | $100,000 | $2,057,989 | $— | $196,000 | $1,283 | $93,962 | $3,429,234 | ||||||||
| Martin E. GrunstExecutive Vice PresidentChief Financial Officer | 2024 | $539,167 | $— | $596,249 | $— | $664,102 | $— | $51,220 | $1,850,738 | |||||||
| 2023 | $512,750 | $— | $577,561 | $— | $419,017 | $— | $46,957 | $1,556,285 | ||||||||
| Scott B. GrauerExecutive Vice President-Wealth Management; Chief Executive Officer of BOK Financial Securities, Inc. | 2024 | $611,037 | $— | $750,014 | $— | $761,112 | $— | $57,979 | $2,180,143 | |||||||
| 2023 | $598,841 | $— | $727,504 | $— | $521,949 | $— | $54,915 | $1,903,209 | ||||||||
| 2022 | $569,584 | $— | $695,650 | $— | $486,375 | $3,314 | $95,342 | $1,850,265 | ||||||||
| Marc C. MaunExecutive Vice President- Regional Banks | 2024 | $580,833 | $— | $702,004 | $— | $733,497 | $— | $67,548 | $2,083,882 | |||||||
| 2023 | $552,500 | $— | $643,986 | $— | $627,200 | $— | $63,153 | $1,886,839 | ||||||||
| 2022 | $515,000 | $— | $514,904 | $— | $428,480 | $— | $88,718 | $1,547,102 | ||||||||
| Brad A. VincentExecutive Vice President- Specialized Industries | 2024 | $529,167 | $— | $531,962 | $— | $576,582 | $— | $56,601 | $1,694,312 | |||||||
| 2023 | $504,167 | $— | $515,025 | $— | $486,173 | $— | $193,771 | $1,699,135 | ||||||||
(1)The amounts in column (d) include a discretionary bonus for Kymes in the amount of $100,000 which was approved by the Compensation Committee on February 28, 2023.
(2)The amounts in column (e) are the grant date fair value of the non-vested stock. Kymes and Grauer were issued restricted stock awards in all years; Maun was issued restricted stock awards in 2023 and 2024, and restricted stock units in 2022; Vincent was issued restricted stock awards in 2024 and restricted stock units units in 2023; Grunst was issued restricted stock units in 2023 and 2024.
(3)The amounts in column (g) reflect the annual cash awards made pursuant to the Executive Incentive Plan, which is discussed in further detail on page 36 under the heading “Executive Incentive Compensation.” Incentive amounts are paid at a targeted percentile of our Pay Peers.
(4)The amounts in column (h) include (i) the actuarial increase in the present value of the named executive officer’s benefits under the Company pension plan using a discount rate defined in the Pension Plan and (ii) Nonqualified Deferred Compensation Earnings further described in column (d) of the Nonqualified Deferred Compensation Table on page 46. Executives who did not have the ability to defer income or who chose not to defer income are not required to disclose investment income on the Summary Compensation Table.
(5)The amounts in column (i) for 2024 are derived from: Company matching contributions to the BOKF Thrift Plan as follows: Kymes, $41,400; Grunst, $31,050; Grauer, $41,400; Maun, $41,400; and Vincent, $41,400; executive life insurance benefits as follows: Kymes, $1,936; Grunst, $2,910; Grauer, $3,599; Maun, $6,837; and Vincent, $5,453; an executive wellness benefit for named executive officers and spouses as follows: Kymes, $3,600; Grunst, $4,000; Grauer, $3,600; Maun, $4,250; and Vincent, $3,600; a medical supplement for named executive officers as follows: Kymes, $3,040; Grunst, $2,398; Grauer, $2,398; Maun, $2,398; and Vincent, $2,398; dividend equivalents paid on the distribution of 2021 service-based restricted stock units, as applicable, as follows: Grunst, $10,863; and Maun, $8,914; and trip earnings (personal portion of a trip such as an accompanying spouse), as follows: Kymes, $3,793; Grauer, $6,982; Maun, $3,750; and Vincent, $3,751.
2024 Pay Ratio Disclosure
For purposes of calculating the 2024 ratio of the median annual total compensation of all Company employees to the total annual compensation of the Company’s Chief Executive Officer, the Company included in its calculation of compensation: base salary, commissions, annual bonus amounts, stock-based compensation, other incentive payments (including sign-on bonuses), and other forms of compensation, including Company 401(k) match. The Company used December 31, 2024 as its measurement date. On December 31, 2024, the Company had 5,055 employees nationwide, excluding the Chief Executive Officer. Compensation amounts were annualized for any employee who had less than a full year of service during 2024. Total 2024 compensation for Stacy C. Kymes, the Company’s Chief Executive Officer, was determined to be $6,075,790 and was approximately 61 times the median annual compensation of all Company employees (excluding the Chief Executive Officer) of $99,957.
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