Michael M. Magee
2009
In 2009, Michael M. Magee earned a total compensation of $451.5K as Chief Executive Officer at Independent Bank, a 41% decrease compared to previous year.
Compensation breakdown
| Option Awards | $42,678 |
|---|---|
| Salary | $382,000 |
| Other | $26,853 |
| Total | $451,531 |
Magee received $382K in salary, accounting for 85% of the total pay in 2009.
Magee also received $42.7K in option awards and $26.9K in other compensation.
Rankings
In 2009, Michael M. Magee's compensation ranked 7,207th out of 9,885 executives tracked by ExecPay. In other words, Magee earned more than 27.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 7,207 out of 9,885 | 27th |
Division Finance, Insurance, And Real Estate | 1,427 out of 2,204 | 35th |
Major group Depository Institutions | 425 out of 1,006 | 58th |
Industry group Commercial Banks | 358 out of 833 | 57th |
Industry State Commercial Banks | 179 out of 506 | 65th |
Source: SEC filing on March 13, 2012.
Magee's colleagues
We found five more compensation records of executives who worked with Michael M. Magee at Independent Bank in 2009.
2009
Robert Shuster
Independent Bank
Chief Financial Officer
2009
David Reglin
Independent Bank
Executive Vice President Retail Banking
2009
William Kessel
Independent Bank
President
2009
Stefanie Kimball
Independent Bank
Executive Vice President Chief Lending Officer
2009
Mark Collins
Independent Bank