Southern States Bancshares CEO Stephen Whatley's 2022 pay jumps 83% to $1.9M
Southern States Bancshares reports 2022 executive compensation
By ExecPay News
Published: March 22, 2024
Southern States Bancshares reported fiscal year 2022 executive compensation information on March 22, 2024.
In 2022, four executives at Southern States Bancshares received on average a compensation package of $1.4M, a 95% increase compared to previous year.
Average pay of disclosed executives at Southern States Bancshares
Stephen W. Whatley, Chief Executive Officer, received $1.9M in total, which increased by 83% compared to 2021. 43% of Whatley's compensation, or $800K, was in stock awards. Whatley also received $133K in bonus, $295K in non-equity incentive plan, $75K in option awards, $518K in salary, as well as $36K in other compensation.
Mark A. Chambers, President and Director, received a compensation package of $1.4M, which increased by 130% compared to previous year. 47% of the compensation package, or $665K, was in stock awards.
Lynn J. Joyce, Chief Financial Officer, earned $1.2M in 2022, a 117% increase compared to previous year.
Greg B. Smith, Senior Executive Vice President and Chief Risk Officer, received $1.2M in 2022.
Related executives
You may also like
Source: SEC filing on March 22, 2024.