Richard M. Elder

2021

In 2021, Richard M. Elder earned a total compensation of $398.2K as Executive Vice President and Chief Financial Officer at First Bancorp, a 10% increase compared to previous year.

Compensation breakdown

Bonus$80,527
Salary$250,000
Stock Awards$50,000
Other$17,666
Total$398,193

Elder received $250K in salary, accounting for 63% of the total pay in 2021.

Elder also received $80.5K in bonus, $50K in stock awards and $17.7K in other compensation.

Rankings

In 2021, Richard M. Elder's compensation ranked 11,176th out of 12,415 executives tracked by ExecPay. In other words, Elder earned more than 10.0% of executives.

ClassificationRankingPercentile
All
11,176
out of 12,415
10th
Division
Finance, Insurance, And Real Estate
1,993
out of 2,276
12th
Major group
Depository Institutions
826
out of 1,000
17th
Industry group
Commercial Banks
705
out of 800
12th
Industry
National Commercial Banks
249
out of 277
10th

Pay ratio

Richard M. Elder's Pay$398,193
Median Employee's Pay$61,050
Pay Ratio

7

to 1

In 2021, the annual total compensation of Richard M. Elder was $398,193.

The annual total compensation of the median employee at First Bancorp was $61,050.

The ratio of Richard M. Elder's pay to the pay of median employee was therefore 7 to one.

Source: SEC filing on March 11, 2022.

Elder's colleagues

We found four more compensation records of executives who worked with Richard M. Elder at First Bancorp in 2021.

2021

Tony McKim

First Bancorp

Chief Executive Officer

2021

Susan Norton

First Bancorp

Chief Administrative Officer

2021

Sarah Tolman

First Bancorp

Executive Vice President and Chief Banking Officer

2021

Jonathan Nicholson

First Bancorp

Executive Vice President and Chief Lending Officer

News

You may also like