Michael H. Price
2007
In 2007, Michael H. Price earned a total compensation of $555.2K 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 14% increase compared to previous year.
Compensation breakdown
| Bonus | $5,500 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $18,447 |
| Option Awards | $36,900 |
| Salary | $427,000 |
| Stock Awards | $38,400 |
| Other | $28,922 |
| Total | $555,169 |
Price received $427K in salary, accounting for 77% of the total pay in 2007.
Price also received $5.5K in bonus, $18.4K of change in pension value and nonqualified deferred compensation earnings, $36.9K in option awards, $38.4K in stock awards and $28.9K in other compensation.
Rankings
In 2007, Michael H. Price's compensation ranked 5,731st out of 8,700 executives tracked by ExecPay. In other words, Price earned more than 34.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 5,731 out of 8,700 | 34th |
Division Finance, Insurance, And Real Estate | 1,092 out of 1,930 | 43rd |
Major group Depository Institutions | 333 out of 931 | 64th |
Industry group Commercial Banks | 292 out of 793 | 63rd |
Industry State Commercial Banks | 138 out of 466 | 70th |
Source: SEC filing on March 19, 2008.
Price's colleagues
We found three more compensation records of executives who worked with Michael H. Price at Mercantile Bank in 2007.