Charles E. Christmas

2020

In 2020, Charles E. Christmas earned a total compensation of $722.7K 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$389,341
Stock Awards$168,690
Other$49,875
Total$722,725

Christmas received $389.3K in salary, accounting for 54% of the total pay in 2020.

Christmas also received $114.8K in non-equity incentive plan, $168.7K in stock awards and $49.9K in other compensation.

Rankings

In 2020, Charles E. Christmas' compensation ranked 9,864th out of 13,090 executives tracked by ExecPay. In other words, Christmas earned more than 24.6% of executives.

ClassificationRankingPercentile
All
9,864
out of 13,090
25th
Division
Finance, Insurance, And Real Estate
1,771
out of 2,550
31st
Major group
Depository Institutions
595
out of 1,117
47th
Industry group
Commercial Banks
514
out of 897
43rd
Industry
State Commercial Banks
306
out of 569
46th

Pay ratio

Charles E. Christmas' Pay$722,725
Median Employee's Pay$51,278
Pay Ratio

14

to 1

In 2020, the annual total compensation of Charles E. Christmas was $722,725.

The annual total compensation of the median employee at Mercantile Bank was $51,278.

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

Source: SEC filing on April 8, 2021.

Christmas' colleagues

We found four more compensation records of executives who worked with Charles E. Christmas at Mercantile Bank in 2020.

2020

Robert Kaminski

Mercantile Bank

Chief Executive Officer

2020

Raymond Reitsma

Mercantile Bank

Executive Vice President of Mercantile, and President of the Bank

2020

Lonna Wiersma

Mercantile Bank

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

2020

Robert Worthington

Mercantile Bank

Chief Operating Officer

News

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