Camden National CEO Gregory Dufour's 2021 pay falls 23% to $2.4M
Camden National reports 2021 executive compensation
By ExecPay News
Published: March 15, 2022
Camden National reported fiscal year 2021 executive compensation information on March 15, 2022.
In 2021, five executives at Camden National received on average a compensation package of $950K, a 21% decrease compared to previous year.
Average pay of disclosed executives at Camden National
Gregory A. Dufour, Chief Executive Officer, received $2.4M in total, which decreased by 23% compared to 2020. 35% of Dufour's compensation, or $821K, was of change in pension value and nonqualified deferred compensation earnings. Dufour also received $480K in non-equity incentive plan, $667K in salary, $342K in stock awards, as well as $66K in other compensation.
For fiscal year 2021, the median employee pay was $55,302 at Camden National. Therefore, the ratio of Gregory A. Dufour's pay to the median employee pay was 43 to one.
Timothy P. Nightingale, EVP, Chief Credit Officer, received a compensation package of $734K, which increased by 13% compared to previous year. 44% of the compensation package, or $326K, was in salary.
William H. Martel, EVP, Technology & Support Services, earned $588K in 2021.
Patricia A. Rose, EVP, Retail & Mortgage Banking, received $581K in 2021, which increases by 9% compared to 2020.
Gregory A. White, Chief Financial Officer, earned $473K in 2021, a 8% decrease compared to previous year.
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Source: SEC filing on March 15, 2022.