First Mid-Illinois Bancshares CEO Joseph Dively's 2019 pay slips 16% to $885K
First Mid-Illinois Bancshares reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
First Mid-Illinois Bancshares reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, five executives at First Mid-Illinois Bancshares received on average a compensation package of $529K, a 11% decrease compared to previous year.
Average pay of disclosed executives at First Mid-Illinois Bancshares
Joseph R. Dively, Chief Executive Officer, received $885K in total, which decreased by 16% compared to 2018. 50% of Dively's compensation, or $445K, was in salary. Dively also received $239K in non-equity incentive plan, $173K in stock awards, as well as $28K in other compensation.
For fiscal year 2019, the median employee pay was $32,716 at First Mid-Illinois Bancshares. Therefore, the ratio of Joseph R. Dively's pay to the median employee pay was 27 to one.
Michael L. Taylor, Chief Operating Officer, received a compensation package of $496K, which decreased by 8% compared to previous year. 61% of the compensation package, or $301K, was in salary.
Bradley L. Beesley, Executive Vice President & Chief Wealth Management Officer, earned $453K in 2019, a 4% decrease compared to previous year.
Eric S. McRae, Executive Vice President & Chief Credit Officer, received $428K in 2019, which decreases by 16% compared to 2018.
Matthew K. Smith, Chief Financial Officer, earned $381K in 2019, a 4% decrease compared to previous year.
Related executives
Joseph Dively
First Mid-Illinois Bancshares
Chief Executive Officer
Matthew Smith
First Mid-Illinois Bancshares
Chief Financial Officer
Michael Taylor
First Mid-Illinois Bancshares
Chief Operating Officer
Eric McRae
First Mid-Illinois Bancshares
Executive Vice President Chief Credit Officer
Bradley Beesley
First Mid-Illinois Bancshares
Executive Vice President Chief Wealth Mgmt Officer
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Source: SEC filing on March 20, 2020.