Virginia National Bankshares Corp CEO Glenn Rust's 2021 pay jumps 22% to $783K
Virginia National Bankshares Corp reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
Virginia National Bankshares Corp reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, three executives at Virginia National Bankshares Corp received on average a compensation package of $484K, a 7% increase compared to previous year.
Average pay of disclosed executives at Virginia National Bankshares Corp
Glenn W. Rust, Chief Executive Officer, received $783K in total, which increased by 22% compared to 2020. 54% of Rust's compensation, or $425K, was in salary. Rust also received $150K in bonus, $150K in stock awards, as well as $58K in other compensation.
Virginia R. Bayes, Chief Credit Officer and Executive Vice President, Virginia National Bank, received a compensation package of $346K, which decreased by 5% compared to previous year. 82% of the compensation package, or $284K, was in salary.
Donna G. Shewmake, General Counsel, earned $325K in 2021, a 9% decrease compared to previous year.
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Source: SEC filing on April 29, 2022.