Raymond E. Reitsma
2019
Compensation breakdown
| Non-Equity Incentive Plan | $113,552 |
|---|---|
| Salary | $370,783 |
| Stock Awards | $192,860 |
| Other | $57,217 |
| Total | $734,412 |
Reitsma received $370.8K in salary, accounting for 50% of the total pay in 2019.
Reitsma also received $113.6K in non-equity incentive plan, $192.9K in stock awards and $57.2K in other compensation.
Rankings
In 2019, Raymond E. Reitsma's compensation ranked 10,533rd out of 13,971 executives tracked by ExecPay. In other words, Reitsma earned more than 24.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 10,533 out of 13,971 | 25th |
Division Finance, Insurance, And Real Estate | 2,036 out of 2,894 | 30th |
Major group Depository Institutions | 658 out of 1,219 | 46th |
Industry group Commercial Banks | 566 out of 1,007 | 44th |
Industry State Commercial Banks | 309 out of 627 | 51st |
Pay ratio
| Raymond E. Reitsma's Pay | $734,412 |
|---|---|
| Median Employee's Pay | $49,630 |
| Pay Ratio | 15to 1 |
In 2019, the annual total compensation of Raymond E. Reitsma was $734,412.
The annual total compensation of the median employee at Mercantile Bank was $49,630.
The ratio of Raymond E. Reitsma's pay to the pay of median employee was therefore 15 to one.
Reitsma's colleagues
We found four more compensation records of executives who worked with Raymond E. Reitsma at Mercantile Bank in 2019.
2019
Robert Kaminski
Mercantile Bank
Chief Executive Officer
2019
Charles Christmas
Mercantile Bank
Chief Financial Officer
2019
Lonna Wiersma
Mercantile Bank
Senior Vice President and Human Resources Director of Mercantile and the Bank
2019
Robert Worthington
Mercantile Bank