Midland States Bancorp CEO Jeffrey Ludwig's 2020 pay falls 24% to $1M
Midland States Bancorp reports 2020 executive compensation
By ExecPay News
Published: March 22, 2021
Midland States Bancorp reported fiscal year 2020 executive compensation information on March 22, 2021.
In 2020, five executives at Midland States Bancorp received on average a compensation package of $643K, a 1% decrease compared to previous year.
Average pay of disclosed executives at Midland States Bancorp
Jeffrey G. Ludwig, Chief Executive Officer, received $1M in total, which decreased by 24% compared to 2019. 56% of Ludwig's compensation, or $572K, was in salary. Ludwig also received $242K in non-equity incentive plan, $194K in stock awards, as well as $19K in other compensation.
Jeffrey S. Mefford, Executive Vice President and President of the Bank, received a compensation package of $689K, which decreased by 23% compared to previous year. 58% of the compensation package, or $400K, was in salary.
Douglas J. Tucker, Senior Vice President and Corporate Counsel, earned $538K in 2020, a 19% decrease compared to previous year.
James R. Stewart, Senior Vice President and Chief Risk Officer of the Bank, received $494K in 2020, which decreases by 19% compared to 2019.
Eric T. Lemke, Chief Financial Officer, earned $467K in 2020, a 35% increase compared to previous year.
Related executives
Jeffrey Ludwig
Midland States Bancorp
Chief Executive Officer
Jeffrey Mefford
Midland States Bancorp
President of the Bank
Douglas Tucker
Midland States Bancorp
Senior Vice President and Corporate Counsel
Eric Lemke
Midland States Bancorp
Chief Financial Officer
James Stewart
Midland States Bancorp
Senior Vice President and Chief Risk Officer
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Source: SEC filing on March 22, 2021.