Old Point Financial CEO Robert Shuford's 2007 pay rises 15% to $324K
Old Point Financial reports 2007 executive compensation
By ExecPay News
Published: March 21, 2008
Old Point Financial reported fiscal year 2007 executive compensation information on March 21, 2008.
In 2007, six executives at Old Point Financial received on average a compensation package of $229K, a 6% increase compared to previous year.
Average pay of disclosed executives at Old Point Financial
Robert F. Shuford, Chief Executive Officer, received $324K in total, which increased by 15% compared to 2006. 78% of Shuford's compensation, or $252K, was in salary. Shuford also received $19K in bonus, $30K of change in pension value and nonqualified deferred compensation earnings, $4.7K in non-equity incentive plan, $1.2K in option awards, as well as $17K in other compensation.
Robert F. Shuford, Sr, Chief Executive Officer, received a compensation package of $324K, which increased by 15% compared to previous year. 78% of the compensation package, or $252K, was in salary.
Louis G. Morris, Chief Executive Officer, earned $243K in 2007, which is about the same as previous year.
Margaret P. Causby, EVP/ RMO Bank, received $169K in 2007, which increases by 2% compared to 2006.
Laurie D. Grabow, Chief Financial Officer, earned $157K in 2007, a 6% increase compared to previous year.
Eugene M. Jordan, II, Chief Executive Officer, received $154K in 2007.
Related executives
Robert Shuford
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Chief Operating Officer
Eugene Jordan
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Chief Executive Officer
Robert Shuford
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Chief Executive Officer
Laurie Grabow
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Louis Morris
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Source: SEC filing on March 21, 2008.