J. Chris Verenes
2022
In 2022, J. Chris Verenes earned a total compensation of $494.6K as Chief Executive Officer and Director of Security Federal; Chairman and Chief Executive Officer of the Bank at Security Federal, a 10% decrease compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $39,973 |
|---|---|
| Non-Equity Incentive Plan | $30,720 |
| Salary | $384,000 |
| Other | $39,883 |
| Total | $494,576 |
Verenes received $384K in salary, accounting for 78% of the total pay in 2022.
Verenes also received $40K of change in pension value and nonqualified deferred compensation earnings, $30.7K in non-equity incentive plan and $39.9K in other compensation.
Rankings
In 2022, J. Chris Verenes' compensation ranked 4,361st out of 5,760 executives tracked by ExecPay. In other words, Verenes earned more than 24.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,361 out of 5,760 | 24th |
Division Finance, Insurance, And Real Estate | 415 out of 666 | 38th |
Major group Depository Institutions | 202 out of 360 | 44th |
Industry group Commercial Banks | 131 out of 222 | 41st |
Industry State Commercial Banks | 93 out of 159 | 42nd |
Source: SEC filing on April 7, 2023.
Verenes' colleagues
We found two more compensation records of executives who worked with J. Chris Verenes at Security Federal in 2022.