GERMAN AMERICAN BANCORP CEO Mark Schroeder's 2021 pay rises 19% to $1.6M
GERMAN AMERICAN BANCORP reports 2021 executive compensation
By ExecPay News
Published: March 29, 2022
GERMAN AMERICAN BANCORP reported fiscal year 2021 executive compensation information on March 29, 2022.
In 2021, five executives at GERMAN AMERICAN BANCORP received on average a compensation package of $966K, a 29% increase compared to previous year.
Average pay of disclosed executives at GERMAN AMERICAN BANCORP
Mark A. Schroeder, Chief Executive Officer, received $1.6M in total, which increased by 19% compared to 2020. 38% of Schroeder's compensation, or $625K, was in salary. Schroeder also received $27K of change in pension value and nonqualified deferred compensation earnings, $437K in non-equity incentive plan, $422K in stock awards, as well as $116K in other compensation.
For fiscal year 2021, the median employee pay was $40,776 at GERMAN AMERICAN BANCORP. Therefore, the ratio of Mark A. Schroeder's pay to the median employee pay was 40 to one.
D. Neil Dauby, Chief Operating Officer, received a compensation package of $972K, which increased by 58% compared to previous year. 44% of the compensation package, or $425K, was in salary.
Bradley M. Rust, Chief Financial Officer, earned $859K in 2021, a 28% increase compared to previous year.
Randall L. Braun, Executive Vice President and Chief Development Officer, received $711K in 2021, which increases by 36% compared to 2020.
Keith A. Leinenbach, Executive Vice President and Chief Credit Officer, earned $664K in 2021, a 16% increase compared to previous year.
Related executives
Mark Schroeder
GERMAN AMERICAN BANCORP
Chief Executive Officer
D Dauby
GERMAN AMERICAN BANCORP
Chief Operating Officer
Bradley Rust
GERMAN AMERICAN BANCORP
Chief Financial Officer
Randall Braun
GERMAN AMERICAN BANCORP
Executive Vice President and Chief Development Officer
Keith Leinenbach
GERMAN AMERICAN BANCORP
Executive Vice President and Chief Credit Officer
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Source: SEC filing on March 29, 2022.