Colony Bankcorp CEO T Fountain's 2021 pay jumps 54% to $837K
Colony Bankcorp reports 2021 executive compensation
By ExecPay News
Published: April 11, 2022
Colony Bankcorp reported fiscal year 2021 executive compensation information on April 11, 2022.
In 2021, three executives at Colony Bankcorp received on average a compensation package of $606K, a 11% increase compared to previous year.
Average pay of disclosed executives at Colony Bankcorp
T. Heath Fountain, Chief Executive Officer, received $837K in total, which increased by 54% compared to 2020. 50% of Fountain's compensation, or $420K, was in salary. Fountain also received $147K in bonus, $215K in stock awards, as well as $55K in other compensation.
For fiscal year 2021, the median employee pay was $45,000 at Colony Bankcorp. Therefore, the ratio of T. Heath Fountain's pay to the median employee pay was 19 to one.
Brian D. Schmitt, Chairman, received a compensation package of $534K. 72% of the compensation package, or $386K, was in bonus.
M. Eddie Hoyle, Executive Vice President and Chief Banking Officer, earned $448K in 2021.
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Source: SEC filing on April 11, 2022.