J. Chris Verenes
2021
In 2021, J. Chris Verenes earned a total compensation of $552.3K as Chief Executive Officer and Director of Security Federal; Chairman and Chief Executive Officer of the Bank at Security Federal.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $120,387 |
|---|---|
| Non-Equity Incentive Plan | $29,200 |
| Salary | $365,000 |
| Other | $37,679 |
| Total | $552,266 |
Verenes received $365K in salary, accounting for 66% of the total pay in 2021.
Verenes also received $120.4K of change in pension value and nonqualified deferred compensation earnings, $29.2K in non-equity incentive plan and $37.7K in other compensation.
Rankings
In 2021, J. Chris Verenes' compensation ranked 10,505th out of 12,405 executives tracked by ExecPay. In other words, Verenes earned more than 15.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 10,505 out of 12,405 | 15th |
Division Finance, Insurance, And Real Estate | 1,817 out of 2,278 | 20th |
Major group Depository Institutions | 692 out of 1,000 | 31st |
Industry group Commercial Banks | 596 out of 800 | 26th |
Industry State Commercial Banks | 370 out of 512 | 28th |
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 2021.