J. Chris Verenes
2016
In 2016, J. Chris Verenes earned a total compensation of $374.5K as Chief Executive Officer and Director of Security Federal; Chairman and Chief Executive Officer of the Bank at Security Federal, a 17% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $45,161 |
|---|---|
| Non-Equity Incentive Plan | $25,326 |
| Salary | $270,000 |
| Other | $34,025 |
| Total | $374,512 |
Verenes received $270K in salary, accounting for 72% of the total pay in 2016.
Verenes also received $45.2K of change in pension value and nonqualified deferred compensation earnings, $25.3K in non-equity incentive plan and $34K in other compensation.
Rankings
In 2016, J. Chris Verenes' compensation ranked 12,114th out of 14,075 executives tracked by ExecPay. In other words, Verenes earned more than 13.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 12,114 out of 14,075 | 14th |
Division Finance, Insurance, And Real Estate | 2,466 out of 3,060 | 19th |
Major group Depository Institutions | 950 out of 1,387 | 32nd |
Industry group Commercial Banks | 810 out of 1,099 | 26th |
Industry State Commercial Banks | 510 out of 728 | 30th |
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 2016.