Southern States Bancshares CEO Stephen Whatley's 2021 pay rises 8% to $1M
Southern States Bancshares reports 2021 executive compensation
By ExecPay News
Published: March 30, 2022
Southern States Bancshares reported fiscal year 2021 executive compensation information on March 30, 2022.
In 2021, three executives at Southern States Bancshares received on average a compensation package of $730K, a 9% increase compared to previous year.
Average pay of disclosed executives at Southern States Bancshares
Stephen W. Whatley, Chief Executive Officer, received $1M in total, which increased by 8% compared to 2020. 49% of Whatley's compensation, or $500K, was in salary. Whatley also received $78K in bonus, $250K in non-equity incentive plan, $75K in option awards, $75K in stock awards, as well as $36K in other compensation.
Mark A. Chambers, President and Director, received a compensation package of $619K, which increased by 13% compared to previous year. 56% of the compensation package, or $345K, was in salary.
Lynn J. Joyce, Chief Financial Officer, earned $556K in 2021, a 8% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on March 30, 2022.