Charles E. Christmas
2007
In 2007, Charles E. Christmas earned a total compensation of $300.2K as Senior Vice President, Chief Financial Officer and Treasurer of Mercantile, and Senior Vice President and Chief Financial Officer of the Bank at Mercantile Bank, a 13% increase compared to previous year.
Compensation breakdown
| Bonus | $5,500 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $1,552 |
| Option Awards | $21,100 |
| Salary | $231,000 |
| Stock Awards | $20,800 |
| Other | $20,271 |
| Total | $300,223 |
Christmas received $231K in salary, accounting for 77% of the total pay in 2007.
Christmas also received $5.5K in bonus, $1.6K of change in pension value and nonqualified deferred compensation earnings, $21.1K in option awards, $20.8K in stock awards and $20.3K in other compensation.
Rankings
In 2007, Charles E. Christmas' compensation ranked 7,420th out of 8,700 executives tracked by ExecPay. In other words, Christmas earned more than 14.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 7,420 out of 8,700 | 15th |
Division Finance, Insurance, And Real Estate | 1,482 out of 1,930 | 23rd |
Major group Depository Institutions | 593 out of 931 | 36th |
Industry group Commercial Banks | 515 out of 793 | 35th |
Industry State Commercial Banks | 287 out of 466 | 38th |
Source: SEC filing on March 19, 2008.
Christmas' colleagues
We found three more compensation records of executives who worked with Charles E. Christmas at Mercantile Bank in 2007.