First Bancorp CEO Michael Mayer's 2019 pay rises 2% to $1.1M
First Bancorp reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
First Bancorp reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, three executives at First Bancorp received on average a compensation package of $954K, a 1% decrease compared to previous year.
Average pay of disclosed executives at First Bancorp
Michael G. Mayer, Chief Executive Officer, received $1.1M in total, which increased by 2% compared to 2018. 50% of Mayer's compensation, or $544K, was in salary. Mayer also received $118K in non-equity incentive plan, $393K in stock awards, as well as $29K in other compensation.
Richard H. Moore, Chief Executive Officer, received a compensation package of $1.1M, which decreased by 15% compared to previous year. 48% of the compensation package, or $509K, was in stock awards.
Eric P. Credle, Chief Executive Officer, earned $725K in 2019, a 21% increase compared to previous year.
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Source: SEC filing on March 20, 2020.