MainStreet Bancshares CEO Jeff Dick's 2023 pay jumps 21% to $1.6M
MainStreet Bancshares reports 2023 executive compensation
By ExecPay News
Published: April 12, 2024
MainStreet Bancshares reported fiscal year 2023 executive compensation information on April 12, 2024.
In 2023, three executives at MainStreet Bancshares received on average a compensation package of $981K, a 19% increase compared to previous year.
Average pay of disclosed executives at MainStreet Bancshares
Jeff W. Dick, Chief Executive Officer, received $1.6M in total, which increased by 21% compared to 2022. 42% of Dick's compensation, or $666K, was in salary. Dick also received $444K in bonus, $444K in stock awards, as well as $29K in other compensation.
For fiscal year 2023, the median employee pay was $111,432 at MainStreet Bancshares. Therefore, the ratio of Jeff W. Dick's pay to the median employee pay was 14 to one.
Abdul Hersiburane, Bank President, received a compensation package of $696K, which increased by 23% compared to previous year. 53% of the compensation package, or $371K, was in salary.
Thomas J. Chmelik, Chief Financial Officer, earned $663K in 2023, a 12% increase compared to previous year.
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Source: SEC filing on April 12, 2024.