J. Chris Verenes
2014
In 2014, J. Chris Verenes earned a total compensation of $317.1K as Chief Executive Officer and Director of Security Federal; Chairman and Chief Executive Officer of the Bank at Security Federal, a 15% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $30,734 |
|---|---|
| Salary | $230,500 |
| Stock Awards | $25,357 |
| Other | $30,480 |
| Total | $317,071 |
Verenes received $230.5K in salary, accounting for 73% of the total pay in 2014.
Verenes also received $30.7K of change in pension value and nonqualified deferred compensation earnings, $25.4K in stock awards and $30.5K in other compensation.
Rankings
In 2014, J. Chris Verenes' compensation ranked 11,603rd out of 13,032 executives tracked by ExecPay. In other words, Verenes earned more than 11.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 11,603 out of 13,032 | 11th |
Division Finance, Insurance, And Real Estate | 2,396 out of 2,846 | 16th |
Major group Depository Institutions | 913 out of 1,250 | 27th |
Industry group Commercial Banks | 772 out of 1,013 | 24th |
Industry State Commercial Banks | 491 out of 670 | 27th |
Source: SEC filing on March 21, 2016.
Verenes' colleagues
We found two more compensation records of executives who worked with J. Chris Verenes at Security Federal in 2014.