Michael M. Magee
2007
In 2007, Michael M. Magee earned a total compensation of $773.1K as President and Chief Executive Officer at Independent Bank, a 132% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $51,186 |
|---|---|
| Option Awards | $174,998 |
| Salary | $350,000 |
| Stock Awards | $174,995 |
| Other | $21,878 |
| Total | $773,057 |
Magee received $350K in salary, accounting for 45% of the total pay in 2007.
Magee also received $51.2K in non-equity incentive plan, $175K in option awards, $175K in stock awards and $21.9K in other compensation.
Rankings
In 2007, Michael M. Magee's compensation ranked 4,837th out of 8,700 executives tracked by ExecPay. In other words, Magee earned more than 44.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,837 out of 8,700 | 44th |
Division Finance, Insurance, And Real Estate | 930 out of 1,930 | 52nd |
Major group Depository Institutions | 243 out of 931 | 74th |
Industry group Commercial Banks | 215 out of 793 | 73rd |
Industry State Commercial Banks | 93 out of 466 | 80th |
Source: SEC filing on March 24, 2010.
Magee's colleagues
We found five more compensation records of executives who worked with Michael M. Magee at Independent Bank in 2007.
2007
Edward Swanson
Independent Bank
Chief Executive Officer
2007
Robert Shuster
Independent Bank
Chief Financial Officer
2007
David Reglin
Independent Bank
Executive Vice President Retail Banking
2007
William Kessel
Independent Bank
Executive Vice President Chief Operations Officer
2007
Stefanie Kimball
Independent Bank