MainStreet Bancshares CEO Jeff Dick's 2022 pay rises 4% to $1.3M
MainStreet Bancshares reports 2022 executive compensation
By ExecPay News
Published: April 10, 2023
MainStreet Bancshares reported fiscal year 2022 executive compensation information on April 10, 2023.
In 2022, three executives at MainStreet Bancshares received on average a compensation package of $823K, a 35% decrease compared to previous year.
Average pay of disclosed executives at MainStreet Bancshares
Jeff W. Dick, Chief Executive Officer, received $1.3M in total, which increased by 4% compared to 2021. 47% of Dick's compensation, or $614K, was in salary. Dick also received $338K in bonus, $338K in stock awards, as well as $21K in other compensation.
For fiscal year 2022, the median employee pay was $108,250 at MainStreet Bancshares. Therefore, the ratio of Jeff W. Dick's pay to the median employee pay was 12 to one.
Thomas J. Chmelik, Chief Financial Officer, received a compensation package of $592K. 57% of the compensation package, or $338K, was in salary.
Abdul Hersiburane, Bank President, earned $566K in 2022.
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Source: SEC filing on April 10, 2023.