Orange County Bancorp CEO Michael Gilfeather's 2021 pay rises 9% to $971K
Orange County Bancorp reports 2021 executive compensation
By ExecPay News
Published: April 19, 2022
Orange County Bancorp reported fiscal year 2021 executive compensation information on April 19, 2022.
In 2021, three executives at Orange County Bancorp received on average a compensation package of $775K, a 16% increase compared to previous year.
Average pay of disclosed executives at Orange County Bancorp
Michael J. Gilfeather, Chief Executive Officer, received $971K in total, which increased by 9% compared to 2020. 45% of Gilfeather's compensation, or $440K, was in salary. Gilfeather also received $12K of change in pension value and nonqualified deferred compensation earnings, $193K in non-equity incentive plan, $206K in stock awards, as well as $119K in other compensation.
Joseph A. Ruhl, Executive Vice President and Regional President of the Bank, received a compensation package of $689K, which increased by 20% compared to previous year. 47% of the compensation package, or $325K, was in salary.
Robert L. Peacock, Chief Financial Officer, earned $664K in 2021, a 25% increase compared to previous year.
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Source: SEC filing on April 19, 2022.