First Bancorp CEO Richard Moore's 2018 pay slips 14% to $1.2M
First Bancorp reports 2018 executive compensation
By ExecPay News
Published: March 21, 2019
First Bancorp reported fiscal year 2018 executive compensation information on March 21, 2019.
In 2018, three executives at First Bancorp received on average a compensation package of $965K, a 8% decrease compared to previous year.
Average pay of disclosed executives at First Bancorp
Richard H. Moore, Chief Executive Officer, received $1.2M in total, which decreased by 14% compared to 2017. 43% of Moore's compensation, or $531K, was in stock awards. Moore also received $150K in bonus, $131K in non-equity incentive plan, $400K in salary, as well as $21K in other compensation.
Michael G. Mayer, President of the Company First Bank, Chief Exeutive Officer of First Bank, received a compensation package of $1.1M, which decreased by 3% compared to previous year. 46% of the compensation package, or $488K, was in salary.
Eric P. Credle, Chief Financial Officer, earned $602K in 2018, a 3% decrease compared to previous year.
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Source: SEC filing on March 21, 2019.