First Bancorp President Principal Executive Officer Daniel Daigneault's 2008 pay rises 5% to $490K
First Bancorp reports 2008 executive compensation
By ExecPay News
Published: March 13, 2009
First Bancorp reported fiscal year 2008 executive compensation information on March 13, 2009.
In 2008, five executives at First Bancorp received on average a compensation package of $259K, a 9% increase compared to previous year.
Average pay of disclosed executives at First Bancorp
Daniel R. Daigneault, President Principal Executive Officer, received $490K in total, which increased by 5% compared to 2007. 72% of Daigneault's compensation, or $353K, was in salary. Daigneault also received $94K of change in pension value and nonqualified deferred compensation earnings, $25K in non-equity incentive plan, as well as $18K in other compensation.
F. Stephen Ward, Executive Vice President Principal Financial Officer, received a compensation package of $236K, which increased by 9% compared to previous year. 77% of the compensation package, or $182K, was in salary.
Tony C. McKim, Chief Operating Officer, earned $213K in 2008, a 5% increase compared to previous year.
Charles A. Wootton, Executive Vice President Senior Loan Officer, received $205K in 2008, which increases by 12% compared to 2007.
Susan A. Norton, Executive Vice President Human Resources/ Compliance, earned $151K in 2008, a 25% 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 13, 2009.