First Bancorp CEO Tony McKim's 2021 pay rises 10% to $1.1M
First Bancorp reports 2021 executive compensation
By ExecPay News
Published: March 11, 2022
First Bancorp reported fiscal year 2021 executive compensation information on March 11, 2022.
In 2021, five executives at First Bancorp received on average a compensation package of $548K, a 13% increase compared to previous year.
Average pay of disclosed executives at First Bancorp
Tony C. McKim, Chief Executive Officer, received $1.1M in total, which increased by 10% compared to 2020. 53% of McKim's compensation, or $610K, was in salary. McKim also received $335K in bonus, $183K in stock awards, as well as $20K in other compensation.
For fiscal year 2021, the median employee pay was $61,050 at First Bancorp. Therefore, the ratio of Tony C. McKim's pay to the median employee pay was 19 to one.
Susan A. Norton, Chief Administrative Officer, received a compensation package of $428K, which increased by 5% compared to previous year. 63% of the compensation package, or $268K, was in salary.
Richard M. Elder, Chief Financial Officer, earned $398K in 2021, a 10% increase compared to previous year.
Sarah J. Tolman, Executive Vice President and Chief Banking Officer, received $397K in 2021, which increases by 5% compared to 2020.
Jonathan W. Nicholson, Executive Vice President and Chief Lending Officer, earned $371K in 2021, a 27% increase compared to previous year.
Related executives
Tony McKim
First Bancorp
Chief Executive 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 11, 2022.