Jeffrey G. Ludwig

2019

In 2019, Jeffrey G. Ludwig earned a total compensation of $1.4M as President and Chief Executive Officer at Midland States Bancorp, a 32% increase compared to previous year.

Compensation breakdown

Non-Equity Incentive Plan$392,621
Salary$572,000
Stock Awards$372,536
Other$16,903
Total$1,354,060

Ludwig received $572K in salary, accounting for 42% of the total pay in 2019.

Ludwig also received $392.6K in non-equity incentive plan, $372.5K in stock awards and $16.9K in other compensation.

Rankings

In 2019, Jeffrey G. Ludwig's compensation ranked 7,837th out of 13,971 executives tracked by ExecPay. In other words, Ludwig earned more than 43.9% of executives.

ClassificationRankingPercentile
All
7,837
out of 13,971
44th
Division
Finance, Insurance, And Real Estate
1,456
out of 2,894
50th
Major group
Depository Institutions
344
out of 1,219
72nd
Industry group
Commercial Banks
293
out of 1,007
71st
Industry
State Commercial Banks
134
out of 627
79th

Pay ratio

Jeffrey G. Ludwig's Pay$1,354,060
Median Employee's Pay$48,157
Pay Ratio

28

to 1

In 2019, the annual total compensation of Jeffrey G. Ludwig was $1,354,060.

The annual total compensation of the median employee at Midland States Bancorp was $48,157.

The ratio of Jeffrey G. Ludwig's pay to the pay of median employee was therefore 28 to one.

Source: SEC filing on March 23, 2020.

Ludwig's colleagues

We found six more compensation records of executives who worked with Jeffrey G. Ludwig at Midland States Bancorp in 2019.

2019

Jeffrey Mefford

Midland States Bancorp

Executive Vice President and President of the Bank

2019

Douglas Tucker

Midland States Bancorp

Senior Vice President and Corporate Counsel

2019

James Stewart

Midland States Bancorp

Senior Vice President and Chief Risk Officer of the Bank

2019

Donald Spring

Midland States Bancorp

Chief Financial Officer

2019

Eric Lemke

Midland States Bancorp

Chief Financial Officer

2019

Stephen Erickson

Midland States Bancorp

Chief Financial Officer

News

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