Central Federal CEO Timothy O'Dell's 2021 pay jumps 25% to $1.2M
Central Federal reports 2021 executive compensation
By ExecPay News
Published: April 25, 2022
Central Federal reported fiscal year 2021 executive compensation information on April 25, 2022.
In 2021, three executives at Central Federal received on average a compensation package of $698K, a 34% increase compared to previous year.
Average pay of disclosed executives at Central Federal
Timothy T. O'Dell, Chief Executive Officer, received $1.2M in total, which increased by 25% compared to 2020. 38% of O'Dell's compensation, or $450K, was in non-equity incentive plan. O'Dell also received $425K in salary, $304K in stock awards, as well as $19K in other compensation.
Bradley J. Ringwald, Executive Vice President and Chief Commercial Banking Officer, received a compensation package of $565K. 53% of the compensation package, or $300K, was in salary.
Kevin J. Beerman, Chief Financial Officer, earned $330K in 2021, a 69% increase compared to previous year.
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Source: SEC filing on April 25, 2022.