Charles E. Christmas

2019

In 2019, Charles E. Christmas earned a total compensation of $706.1K as Executive Vice President, Chief Financial Officer and Treasurer of Mercantile, and Executive Vice President and Chief Financial Officer of the Bank at Mercantile Bank, a 2% increase compared to previous year.

Compensation breakdown

Non-Equity Incentive Plan$114,819
Salary$374,921
Stock Awards$168,686
Other$47,630
Total$706,056

Christmas received $374.9K in salary, accounting for 53% of the total pay in 2019.

Christmas also received $114.8K in non-equity incentive plan, $168.7K in stock awards and $47.6K in other compensation.

Rankings

In 2019, Charles E. Christmas' compensation ranked 10,656th out of 13,971 executives tracked by ExecPay. In other words, Christmas earned more than 23.7% of executives.

ClassificationRankingPercentile
All
10,656
out of 13,971
24th
Division
Finance, Insurance, And Real Estate
2,062
out of 2,894
29th
Major group
Depository Institutions
677
out of 1,219
45th
Industry group
Commercial Banks
585
out of 1,007
42nd
Industry
State Commercial Banks
321
out of 627
49th

Pay ratio

Charles E. Christmas' Pay$706,056
Median Employee's Pay$49,630
Pay Ratio

14

to 1

In 2019, the annual total compensation of Charles E. Christmas was $706,056.

The annual total compensation of the median employee at Mercantile Bank was $49,630.

The ratio of Charles E. Christmas' pay to the pay of median employee was therefore 14 to one.

Source: SEC filing on April 9, 2020.

Christmas' colleagues

We found four more compensation records of executives who worked with Charles E. Christmas at Mercantile Bank in 2019.

2019

Robert Kaminski

Mercantile Bank

Chief Executive Officer

2019

Raymond Reitsma

Mercantile Bank

Executive Vice President of Mercantile, and President of the Bank

2019

Lonna Wiersma

Mercantile Bank

Senior Vice President and Human Resources Director of Mercantile and the Bank

2019

Robert Worthington

Mercantile Bank

Chief Operating Officer

News

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