Raymond E. Reitsma
2018
In 2018, Raymond E. Reitsma earned a total compensation of $676.9K as Executive Vice President of Mercantile, and President of the Bank at Mercantile Bank, a 10% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $106,124 |
|---|---|
| Salary | $346,526 |
| Stock Awards | $166,864 |
| Other | $57,344 |
| Total | $676,858 |
Reitsma received $346.5K in salary, accounting for 51% of the total pay in 2018.
Reitsma also received $106.1K in non-equity incentive plan, $166.9K in stock awards and $57.3K in other compensation.
Rankings
In 2018, Raymond E. Reitsma's compensation ranked 10,849th out of 14,244 executives tracked by ExecPay. In other words, Reitsma earned more than 23.8% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 10,849 out of 14,244 | 24th |
Division Finance, Insurance, And Real Estate | 2,039 out of 2,986 | 32nd |
Major group Depository Institutions | 661 out of 1,311 | 50th |
Industry group Commercial Banks | 581 out of 1,067 | 46th |
Industry State Commercial Banks | 337 out of 708 | 52nd |
Source: SEC filing on April 9, 2020.
Reitsma's colleagues
We found four more compensation records of executives who worked with Raymond E. Reitsma at Mercantile Bank in 2018.
2018
Robert Kaminski
Mercantile Bank
Chief Executive Officer
2018
Charles Christmas
Mercantile Bank
Chief Financial Officer
2018
Lonna Wiersma
Mercantile Bank
Senior Vice President and Human Resources Director of Mercantile and the Bank
2018
Robert Worthington
Mercantile Bank