First Bancorp CEO Tony McKim's 2020 pay rises 9% to $1M
First Bancorp reports 2020 executive compensation
By ExecPay News
Published: March 5, 2021
First Bancorp reported fiscal year 2020 executive compensation information on March 5, 2021.
In 2020, six executives at First Bancorp received on average a compensation package of $484K, a 11% increase compared to previous year.
Average pay of disclosed executives at First Bancorp
Tony C. McKim, Chief Executive Officer, received $1M in total, which increased by 9% compared to 2019. 55% of McKim's compensation, or $575K, was in salary. McKim also received $245K in bonus, $204K in stock awards, as well as $20K in other compensation.
Charles A. Wootton, Executive Vice President Senior Loan Officer, received a compensation package of $422K, which increased by 5% compared to previous year. 64% of the compensation package, or $272K, was in salary.
Susan A. Norton, Chief Administrative Officer, earned $409K in 2020, a 15% increase compared to previous year.
Sarah J. Tolman, Executive Vice President Chief Banking Officer, received $376K in 2020, which increases by 18% compared to 2019.
Richard M. Elder, Chief Financial Officer, earned $361K in 2020, a 13% increase compared to previous year.
Jonathan W. Nicholson, Executive Vice President and Chief Lending Officer, received $292K in 2020, which increases by 6% compared to 2019.
Related executives
Tony McKim
First Bancorp
Chief Executive Officer
Charles Wootton
First Bancorp
Executive Vice President Senior Loan Officer
Susan Norton
First Bancorp
Chief Administrative Officer
Richard Elder
First Bancorp
Chief Financial Officer
Sarah Tolman
First Bancorp
Executive Vice President and Chief Banking Officer
Jonathan Nicholson
First Bancorp
Executive Vice President and Chief Lending Officer
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Source: SEC filing on March 5, 2021.