Orange County Bancorp CEO Michael Gilfeather's 2022 pay rises 13% to $1.1M
Orange County Bancorp reports 2022 executive compensation
By ExecPay News
Published: April 14, 2023
Orange County Bancorp reported fiscal year 2022 executive compensation information on April 14, 2023.
In 2022, three executives at Orange County Bancorp received on average a compensation package of $776K, which is about the same as previous year.
Average pay of disclosed executives at Orange County Bancorp
Michael J. Gilfeather, Chief Executive Officer, received $1.1M in total, which increased by 13% compared to 2021. 48% of Gilfeather's compensation, or $525K, was in salary. Gilfeather also received $3.9K of change in pension value and nonqualified deferred compensation earnings, $315K in non-equity incentive plan, $132K in stock awards, as well as $121K in other compensation.
Joseph A. Ruhl, Executive Vice President and Regional President of the Bank, received a compensation package of $663K, which decreased by 4% compared to previous year. 49% of the compensation package, or $325K, was in salary.
Gregory Sousa, Executive Vice President, Chief Commercial Banking Officer, earned $567K in 2022.
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Source: SEC filing on April 14, 2023.