Colony Bankcorp CEO T Fountain's 2022 pay slips 17% to $693K
Colony Bankcorp reports 2022 executive compensation
By ExecPay News
Published: April 12, 2023
Colony Bankcorp reported fiscal year 2022 executive compensation information on April 12, 2023.
In 2022, three executives at Colony Bankcorp received on average a compensation package of $565K, a 7% decrease compared to previous year.
Average pay of disclosed executives at Colony Bankcorp
T. Heath Fountain, Chief Executive Officer, received $693K in total, which decreased by 17% compared to 2021. 70% of Fountain's compensation, or $485K, was in salary. Fountain also received $109K in bonus, $46K in stock awards, as well as $53K in other compensation.
For fiscal year 2022, the median employee pay was $46,842 at Colony Bankcorp. Therefore, the ratio of T. Heath Fountain's pay to the median employee pay was 15 to one.
Brian D. Schmitt, Chairman, received a compensation package of $572K, which increased by 7% compared to previous year. 59% of the compensation package, or $335K, was in salary.
Roy Dallis Copeland, Jr, President, earned $432K in 2022.
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Source: SEC filing on April 12, 2023.