Charles E. Christmas
2021
In 2021, Charles E. Christmas earned a total compensation of $740.4K as Executive Vice President, Chief Financial Officer and Treasurer of Mercantile, and Executive Vice President and Chief Financial Officer of the Bank at Mercantile Bank, a 2% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $149,308 |
|---|---|
| Salary | $374,921 |
| Stock Awards | $168,732 |
| Other | $47,452 |
| Total | $740,413 |
Christmas received $374.9K in salary, accounting for 51% of the total pay in 2021.
Christmas also received $149.3K in non-equity incentive plan, $168.7K in stock awards and $47.5K in other compensation.
Rankings
In 2021, Charles E. Christmas' compensation ranked 9,713th out of 12,406 executives tracked by ExecPay. In other words, Christmas earned more than 21.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 9,713 out of 12,406 | 22nd |
Division Finance, Insurance, And Real Estate | 1,609 out of 2,278 | 29th |
Major group Depository Institutions | 543 out of 1,000 | 46th |
Industry group Commercial Banks | 471 out of 800 | 41st |
Industry State Commercial Banks | 274 out of 512 | 47th |
Pay ratio
| Charles E. Christmas' Pay | $740,413 |
|---|---|
| Median Employee's Pay | $53,499 |
| Pay Ratio | 14to 1 |
In 2021, the annual total compensation of Charles E. Christmas was $740,413.
The annual total compensation of the median employee at Mercantile Bank was $53,499.
The ratio of Charles E. Christmas' pay to the pay of median employee was therefore 14 to one.
Source: SEC filing on April 7, 2022.
Christmas' colleagues
We found four more compensation records of executives who worked with Charles E. Christmas at Mercantile Bank in 2021.