Michael H. Price
2008
In 2008, Michael H. Price earned a total compensation of $550.2K as Chairman of the Board, President and Chief Executive Officer of Mercantile, and Chairman of the Board and Chief Executive Officer of the Bank at Mercantile Bank, a 1% decrease compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $3,354 |
|---|---|
| Option Awards | $24,310 |
| Salary | $474,000 |
| Stock Awards | $16,249 |
| Other | $32,261 |
| Total | $550,174 |
Price received $474K in salary, accounting for 86% of the total pay in 2008.
Price also received $3.4K of change in pension value and nonqualified deferred compensation earnings, $24.3K in option awards, $16.2K in stock awards and $32.3K in other compensation.
Rankings
In 2008, Michael H. Price's compensation ranked 6,224th out of 9,135 executives tracked by ExecPay. In other words, Price earned more than 31.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 6,224 out of 9,135 | 32nd |
Division Finance, Insurance, And Real Estate | 1,186 out of 2,034 | 42nd |
Major group Depository Institutions | 345 out of 943 | 63rd |
Industry group Commercial Banks | 297 out of 802 | 63rd |
Industry State Commercial Banks | 151 out of 486 | 69th |
Source: SEC filing on March 31, 2009.
Price's colleagues
We found two more compensation records of executives who worked with Michael H. Price at Mercantile Bank in 2008.