J. Chris Verenes
2017
In 2017, J. Chris Verenes earned a total compensation of $418.1K as Chief Executive Officer and Director of Security Federal; Chairman and Chief Executive Officer of the Bank at Security Federal, a 12% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $54,810 |
|---|---|
| Non-Equity Incentive Plan | $36,946 |
| Salary | $290,000 |
| Other | $36,356 |
| Total | $418,112 |
Verenes received $290K in salary, accounting for 69% of the total pay in 2017.
Verenes also received $54.8K of change in pension value and nonqualified deferred compensation earnings, $36.9K in non-equity incentive plan and $36.4K in other compensation.
Rankings
In 2017, J. Chris Verenes' compensation ranked 12,482nd out of 14,666 executives tracked by ExecPay. In other words, Verenes earned more than 14.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 12,482 out of 14,666 | 15th |
Division Finance, Insurance, And Real Estate | 2,534 out of 3,159 | 20th |
Major group Depository Institutions | 971 out of 1,402 | 31st |
Industry group Commercial Banks | 825 out of 1,112 | 26th |
Industry State Commercial Banks | 509 out of 736 | 31st |
Source: SEC filing on March 27, 2018.
Verenes' colleagues
We found two more compensation records of executives who worked with J. Chris Verenes at Security Federal in 2017.