First Bancorp President Principal Executive Officer Daniel Daigneault's 2007 pay rises 12% to $469K
First Bancorp reports 2007 executive compensation
By ExecPay News
Published: March 14, 2008
First Bancorp reported fiscal year 2007 executive compensation information on March 14, 2008.
In 2007, five executives at First Bancorp received on average a compensation package of $238K, a 4% increase compared to previous year.
Average pay of disclosed executives at First Bancorp
Daniel R. Daigneault, President Principal Executive Officer, received $469K in total, which increased by 12% compared to 2006. 70% of Daigneault's compensation, or $330K, was in salary. Daigneault also received $37K in bonus, $85K of change in pension value and nonqualified deferred compensation earnings, as well as $17K in other compensation.
F. Stephen Ward, Executive Vice President Principal Financial Officer, received a compensation package of $217K, which increased by 7% compared to previous year. 76% of the compensation package, or $165K, was in salary.
Tony C. McKim, Chief Operating Officer, earned $202K in 2007, a 16% decrease compared to previous year.
Charles A. Wootton, Executive Vice President Senior Loan Officer, received $182K in 2007, which increases by 10% compared to 2006.
Susan A. Norton, Executive Vice President Human Resources/Compliance, earned $120K in 2007, a 11% increase compared to previous year.
Related executives
Daniel Daigneault
First Bancorp
President Principal Executive Officer
F Ward
First Bancorp
Executive Vice President Principal Financial Officer
Tony McKim
First Bancorp
Chief Executive Officer
Charles Wootton
First Bancorp
Executive Vice President Senior Loan Officer
Susan Norton
First Bancorp
Chief Administrative Officer
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Source: SEC filing on March 14, 2008.