Richard M. Elder
2022
In 2022, Richard M. Elder earned a total compensation of $431K as Executive Vice President and Chief Financial Officer at First Bancorp, a 8% increase compared to previous year.
Compensation breakdown
| Bonus | $82,496 |
|---|---|
| Salary | $275,000 |
| Stock Awards | $55,000 |
| Other | $18,552 |
| Total | $431,048 |
Elder received $275K in salary, accounting for 64% of the total pay in 2022.
Elder also received $82.5K in bonus, $55K in stock awards and $18.6K in other compensation.
Rankings
In 2022, Richard M. Elder's compensation ranked 4,585th out of 5,753 executives tracked by ExecPay. In other words, Elder earned more than 20.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,585 out of 5,753 | 20th |
Division Finance, Insurance, And Real Estate | 462 out of 666 | 31st |
Major group Depository Institutions | 235 out of 360 | 35th |
Industry group Commercial Banks | 152 out of 222 | 32nd |
Industry National Commercial Banks | 41 out of 60 | 32nd |
Pay ratio
| Richard M. Elder's Pay | $431,048 |
|---|---|
| Median Employee's Pay | $67,499 |
| Pay Ratio | 6to 1 |
In 2022, the annual total compensation of Richard M. Elder was $431,048.
The annual total compensation of the median employee at First Bancorp was $67,499.
The ratio of Richard M. Elder's pay to the pay of median employee was therefore 6 to one.
Source: SEC filing on March 10, 2023.
Elder's colleagues
We found four more compensation records of executives who worked with Richard M. Elder at First Bancorp in 2022.
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