Richard M. Elder
2020
In 2020, Richard M. Elder earned a total compensation of $361.3K as Executive Vice President Chief Financial Officer at First Bancorp, a 13% increase compared to previous year.
Compensation breakdown
| Bonus | $73,998 |
|---|---|
| Salary | $225,000 |
| Stock Awards | $45,000 |
| Other | $17,345 |
| Total | $361,343 |
Elder received $225K in salary, accounting for 62% of the total pay in 2020.
Elder also received $74K in bonus, $45K in stock awards and $17.3K in other compensation.
Rankings
In 2020, Richard M. Elder's compensation ranked 11,781st out of 13,090 executives tracked by ExecPay. In other words, Elder earned more than 10.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 11,781 out of 13,090 | 10th |
Division Finance, Insurance, And Real Estate | 2,257 out of 2,550 | 12th |
Major group Depository Institutions | 940 out of 1,117 | 16th |
Industry group Commercial Banks | 799 out of 897 | 11th |
Industry National Commercial Banks | 285 out of 317 | 10th |
Source: SEC filing on March 5, 2021.
Elder's colleagues
We found five more compensation records of executives who worked with Richard M. Elder at First Bancorp in 2020.
2020
Tony McKim
First Bancorp
Chief Executive Officer
2020
Charles Wootton
First Bancorp
Executive Vice President Senior Loan Officer
2020
Susan Norton
First Bancorp
Chief Administrative Officer
2020
Sarah Tolman
First Bancorp
Executive Vice President Chief Banking Officer
2020
Jonathan Nicholson
First Bancorp
Executive Vice President and Chief Lending Officer
News
First Bancorp CEO Tony McKim's 2022 pay rises 4% to $1.2M
March 10, 2023
First Bancorp CEO Tony McKim's 2021 pay rises 10% to $1.1M
March 11, 2022
First Bancorp CEO Tony McKim's 2020 pay rises 9% to $1M
March 5, 2021
First Bancorp CEO Tony McKim's 2019 pay rises 11% to $956K
March 6, 2020
First Bancorp CEO Tony McKim's 2018 pay rises 17% to $858K
March 8, 2019