Lakeland Financial CEO David Findlay's 2020 pay rises 5% to $1.7M
Lakeland Financial reports 2020 executive compensation
By ExecPay News
Published: March 4, 2021
Lakeland Financial reported fiscal year 2020 executive compensation information on March 4, 2021.
In 2020, five executives at Lakeland Financial received on average a compensation package of $883K, a 6% increase compared to previous year.
Average pay of disclosed executives at Lakeland Financial
David M. Findlay, Chief Executive Officer, received $1.7M in total, which increased by 5% compared to 2019. 43% of Findlay's compensation, or $711K, was in stock awards. Findlay also received $286K in non-equity incentive plan, $637K in salary, as well as $24K in other compensation.
For fiscal year 2020, the median employee pay was $45,698 at Lakeland Financial. Therefore, the ratio of David M. Findlay's pay to the median employee pay was 36 to one.
Eric H. Ottinger, Executive Vice President, Chief Commercial Banking Officer, received a compensation package of $762K, which increased by 6% compared to previous year. 43% of the compensation package, or $330K, was in salary.
Kristin L. Pruitt, Chief Administrative Officer, earned $739K in 2020, a 12% increase compared to previous year.
Lisa M. O'Neill, Chief Financial Officer, received $634K in 2020, which increases by 7% compared to 2019.
Michael E. Gavin, Executive Vice President, Chief Credit Officer, earned $621K in 2020.
Related executives
David Findlay
Lakeland Financial
Chief Executive Officer
Lisa O'Neill
Lakeland Financial
Chief Financial Officer
Eric Ottinger
Lakeland Financial
Executive Vice President, Chief Commercial Banking Officer
Kristin Pruitt
Lakeland Financial
Chief Administrative Officer
Michael Gavin
Lakeland Financial
Executive Vice President, Chief Credit Officer
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Source: SEC filing on March 4, 2021.