First Mid-Illinois Bancshares CEO Joseph Dively's 2020 pay rises 14% to $1M
First Mid-Illinois Bancshares reports 2020 executive compensation
By ExecPay News
Published: March 19, 2021
First Mid-Illinois Bancshares reported fiscal year 2020 executive compensation information on March 19, 2021.
In 2020, five executives at First Mid-Illinois Bancshares received on average a compensation package of $594K, a 12% increase compared to previous year.
Average pay of disclosed executives at First Mid-Illinois Bancshares
Joseph R. Dively, Chief Executive Officer, received $1M in total, which increased by 14% compared to 2019. 48% of Dively's compensation, or $491K, was in salary. Dively also received $313K in non-equity incentive plan, $179K in stock awards, as well as $29K in other compensation.
For fiscal year 2020, the median employee pay was $35,326 at First Mid-Illinois Bancshares. Therefore, the ratio of Joseph R. Dively's pay to the median employee pay was 29 to one.
Bradley L. Beesley, Executive Vice President Chief Wealth Mgmt Officer, received a compensation package of $545K, which increased by 20% compared to previous year. 54% of the compensation package, or $293K, was in non-equity incentive plan.
Michael L. Taylor, Chief Operating Officer, earned $511K in 2020, a 3% increase compared to previous year.
Eric S. McRae, Executive Vice President Chief Credit Officer, received $479K in 2020, which increases by 12% compared to 2019.
Matthew K. Smith, Chief Financial Officer, earned $426K in 2020, a 12% increase 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
You may also like
Source: SEC filing on March 19, 2021.