Michael H. Price
2006
In 2006, Michael H. Price earned a total compensation of $486.6K 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.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $12,241 |
|---|---|
| Option Awards | $47,900 |
| Salary | $402,000 |
| Stock Awards | $1,700 |
| Other | $22,727 |
| Total | $486,568 |
Price received $402K in salary, accounting for 83% of the total pay in 2006.
Price also received $12.2K of change in pension value and nonqualified deferred compensation earnings, $47.9K in option awards, $1.7K in stock awards and $22.7K in other compensation.
Rankings
In 2006, Michael H. Price's compensation ranked 4,746th out of 7,022 executives tracked by ExecPay. In other words, Price earned more than 32.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,746 out of 7,022 | 32nd |
Division Finance, Insurance, And Real Estate | 1,148 out of 1,953 | 41st |
Major group Depository Institutions | 369 out of 966 | 62nd |
Industry group Commercial Banks | 330 out of 860 | 62nd |
Industry State Commercial Banks | 155 out of 496 | 69th |
Source: SEC filing on March 14, 2007.
Price's colleagues
We found three more compensation records of executives who worked with Michael H. Price at Mercantile Bank in 2006.