Jeffrey G. Ludwig
2018
In 2018, Jeffrey G. Ludwig earned a total compensation of $1M as President and former Chief Financial Officer at Midland States Bancorp, a 25% increase compared to previous year.
Compensation breakdown
| Bonus | $50,000 |
|---|---|
| Non-Equity Incentive Plan | $181,248 |
| Salary | $472,000 |
| Stock Awards | $306,796 |
| Other | $18,200 |
| Total | $1,028,244 |
Ludwig received $472K in salary, accounting for 46% of the total pay in 2018.
Ludwig also received $50K in bonus, $181.2K in non-equity incentive plan, $306.8K in stock awards and $18.2K in other compensation.
Rankings
In 2018, Jeffrey G. Ludwig's compensation ranked 9,082nd out of 14,244 executives tracked by ExecPay. In other words, Ludwig earned more than 36.2% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 9,082 out of 14,244 | 36th |
Division Finance, Insurance, And Real Estate | 1,681 out of 2,986 | 44th |
Major group Depository Institutions | 452 out of 1,311 | 66th |
Industry group Commercial Banks | 399 out of 1,067 | 63rd |
Industry State Commercial Banks | 222 out of 708 | 69th |
Source: SEC filing on March 18, 2019.
Ludwig's colleagues
We found five more compensation records of executives who worked with Jeffrey G. Ludwig at Midland States Bancorp in 2018.
2018
Leon Holschbach
Midland States Bancorp
Chief Executive Officer
2018
Jeffrey Mefford
Midland States Bancorp
President of the Bank
2018
Douglas Tucker
Midland States Bancorp
Senior Vice President and Corporate Counsel
2018
James Stewart
Midland States Bancorp
Chief Risk Officer of the Bank
2018
Stephen Erickson
Midland States Bancorp
Chief Financial Officer
News
Midland States Bancorp CEO Jeffrey Ludwig's 2021 pay jumps 54% to $1.6M
March 21, 2022
Midland States Bancorp CEO Jeffrey Ludwig's 2020 pay falls 24% to $1M
March 22, 2021
Midland States Bancorp CEO Jeffrey Ludwig's 2019 pay jumps 32% to $1.4M
March 23, 2020
Midland States Bancorp CEO Leon Holschbach's 2018 pay slips 15% to $1.2M
March 18, 2019