Jeffrey G. Ludwig
2020
In 2020, Jeffrey G. Ludwig earned a total compensation of $1M as President and Chief Executive Officer at Midland States Bancorp, a 24% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $241,670 |
|---|---|
| Salary | $572,000 |
| Stock Awards | $194,419 |
| Other | $19,239 |
| Total | $1,027,328 |
Ludwig received $572K in salary, accounting for 56% of the total pay in 2020.
Ludwig also received $241.7K in non-equity incentive plan, $194.4K in stock awards and $19.2K in other compensation.
Rankings
In 2020, Jeffrey G. Ludwig's compensation ranked 8,524th out of 13,090 executives tracked by ExecPay. In other words, Ludwig earned more than 34.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 8,524 out of 13,090 | 35th |
Division Finance, Insurance, And Real Estate | 1,478 out of 2,550 | 42nd |
Major group Depository Institutions | 412 out of 1,117 | 63rd |
Industry group Commercial Banks | 357 out of 897 | 60th |
Industry State Commercial Banks | 205 out of 569 | 64th |
Source: SEC filing on March 22, 2021.
Ludwig's colleagues
We found four more compensation records of executives who worked with Jeffrey G. Ludwig at Midland States Bancorp in 2020.
2020
Jeffrey Mefford
Midland States Bancorp
Executive Vice President and President of the Bank
2020
Douglas Tucker
Midland States Bancorp
Senior Vice President and Corporate Counsel
2020
James Stewart
Midland States Bancorp
Senior Vice President and Chief Risk Officer of the Bank
2020
Eric Lemke
Midland States Bancorp
Chief Financial Officer
News
Midland States Bancorp CEO Jeffrey Ludwig's 2021 pay jumps 54% to $1.6M
March 21, 2022
Midland States Bancorp CEO Jeffrey Ludwig's 2020 pay falls 24% to $1M
March 22, 2021
Midland States Bancorp CEO Jeffrey Ludwig's 2019 pay jumps 32% to $1.4M
March 23, 2020
Midland States Bancorp CEO Leon Holschbach's 2018 pay slips 15% to $1.2M
March 18, 2019