Central Federal CEO Timothy O'Dell's 2023 pay slips 18% to $1.1M
Central Federal reports 2023 executive compensation
By ExecPay News
Published: April 26, 2024
Central Federal reported fiscal year 2023 executive compensation information on April 26, 2024.
In 2023, three executives at Central Federal received on average a compensation package of $702K, a 8% decrease compared to previous year.
Average pay of disclosed executives at Central Federal
Timothy T. O'Dell, Chief Executive Officer, received $1.1M in total, which decreased by 18% compared to 2022. 46% of O'Dell's compensation, or $500K, was in salary. O'Dell also received $193K in non-equity incentive plan, $356K in stock awards, as well as $31K in other compensation.
Bradley J. Ringwald, President of CFBank, received a compensation package of $622K, which increased by 4% compared to previous year. 52% of the compensation package, or $325K, was in salary.
Kevin J. Beerman, Chief Financial Officer, earned $402K in 2023, a 4% increase compared to previous year.
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Source: SEC filing on April 26, 2024.